About SaltX Technology
SaltX Technology is a company based in Stockholm (Sweden) founded in 2001.. SaltX Technology has raised $16.6 million across 5 funding rounds from investors including European Union, EIC Fund and Northzone. SaltX Technology has completed 1 acquisition, including SunCool. SaltX Technology offers products and services including Electric Arc Calciner and ZEQL. SaltX Technology operates in a competitive market with competitors including Aquion Energy, Halotechnics, BenAn Energy Technology, Salgenx and UNE, among others.
- Headquarter Stockholm, Sweden
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Saltx Technology Holding Ab
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Annual Revenue
$3.62 M (USD)53.61as on Dec 31, 2024
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Net Profit
$-5.12 M (USD)-15.69as on Dec 31, 2024
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EBITDA
$-5.53 M (USD)-77.51as on Dec 31, 2024
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Total Equity Funding
$16.6 M (USD)
in 5 rounds
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Latest Funding Round
$2.23 M (USD), Grant
Jun 30, 2020
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Investors
European Union
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of SaltX Technology
SaltX Technology offers a comprehensive portfolio of products and services, including Electric Arc Calciner and ZEQL. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Replaces fossil fuels with electric plasma for industrial heating processes.
Enables zero-emission quicklime manufacturing through innovative electrification methods.
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Funding Insights of SaltX Technology
SaltX Technology has successfully raised a total of $16.6M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $2.23 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $2.2M
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First Round
First Round
(01 May 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Grant - SaltX Technology | Valuation |
investors |
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| Jul, 2018 | Amount | Grant - SaltX Technology | Valuation |
investors |
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| Mar, 2015 | Amount | Grant - SaltX Technology | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SaltX Technology
SaltX Technology has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, EIC Fund and Northzone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Northzone venture capital.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SaltX Technology
SaltX Technology has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SunCool. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Solar thermal collectors for heating and cooling are developed.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SaltX Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saltx Technology Comparisons
Competitors of SaltX Technology
SaltX Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aquion Energy, Halotechnics, BenAn Energy Technology, Salgenx and UNE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aqueous hybrid ion batteries are developed for sustainable energy storage.
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| domain | founded_year | HQ Location |
Enables design of electric vehicles and shares automotive news and tips.
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| domain | founded_year | HQ Location |
Aqueous sodium-ion battery storage systems are manufactured for energy applications.
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| domain | founded_year | HQ Location |
Develops saltwater flow batteries for renewable energy storage and consulting services.
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| domain | founded_year | HQ Location |
Energy storage solutions based on salt batteries are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Saltx Technology
Frequently Asked Questions about SaltX Technology
When was SaltX Technology founded?
SaltX Technology was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is SaltX Technology located?
SaltX Technology is headquartered in Stockholm, Sweden.
Is SaltX Technology a funded company?
SaltX Technology is a funded company, having raised a total of $16.6M across 5 funding rounds to date. The company's 1st funding round was a Grant of $54.25K, raised on May 01, 2008.
What is the annual revenue of SaltX Technology?
Annual revenue of SaltX Technology is $3.62M as on Dec 31, 2024.
What does SaltX Technology do?
SaltX Technology was founded in 2001 in Stockholm, Sweden, within the energy storage sector. Saltwater is utilized to store energy in salt crystals, which is then converted for heating and cooling purposes. Operations focus on reducing energy use in applications such as water heaters, vehicle air conditioning, and solar thermal systems. Products include HeatBoost for boilers, Verdacc for trucks and buses, and CoolStore for co-generation engines.
Who are the top competitors of SaltX Technology?
SaltX Technology's top competitors include Aquion Energy, DDMotion and BenAn Energy Technology.
What products or services does SaltX Technology offer?
SaltX Technology offers Electric Arc Calciner and ZEQL.
How many acquisitions has SaltX Technology made?
SaltX Technology has made 1 acquisition, including SunCool.
Who are SaltX Technology's investors?
SaltX Technology has 4 investors. Key investors include European Union, EIC Fund, Northzone, and Skirner.