Cohort: Cohort 9, 2022
Focus in insurance value chain/workflow: Point of underwriting
Specific lines of business supported: Corporate
Founded: 2019
Status: Operating, still in insurance
Company type: MGA
Head office: United Kingdom
Main global offices: United Kingdom
Locations served: Global
Employee count: 1-10
Altelium is an MGA focused on specialty battery insurance. It offers warranties, insurance and data analytics on battery health, helping battery owners throughout the lifetime of their electric vehicles or battery energy storage systems. Altelium offers its insurance, analytics on battery portfolios and predictive data via its platform.
Primary focus product area whilst in the Accelerator: Batteries
The Lab provided Altelium with access to insurance capacity providers and brokers which in turn has led to opportunities for the company in the stationary storage and electric vehicle markets. During Altelium’s time as part of Cohort 9, the company developed a Third-Party Liability product specifically for battery energy stationary storage systems. As a result of this Altelium was able to secure Third Party Liability capacity with a global A rated insurer.
"It was an honour for us to have taken part in the 2022 programme, and the input from the mentors was world class.”Ed Grimston, Co-Founder
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Altelium website 
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