About XALT Energy
XALT Energy is an Energy & Utilities company based in Midland (United States) founded in 2009, and was acquired by Freudenberg Sealing Technologies in February 2019. Lithium-ion energy storage solutions are supplied to OEMs. The company has 262 employees. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its legal entity is XALT ENERGY, LLC. Its competitors include 24m Technologies, Enovix and QuantumScape; 3 of its 3 listed competitors have raised funding.
Company details
XALT Energy was founded in 2009 and is based in Midland, United States. Operations focus on the energy storage sector, where lithium-ion cells are manufactured at a capacity of several megawatt hours. A full-scale pack assembly facility has been established alongside this. Energy storage systems are applied in hybrid and electric commercial trucks, buses, heavy-duty marine propulsion, and stationary grid uses.
- Headquarters Midland, United States
- Employees 262
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website xaltenergy.com
- Social LinkedIn
- Acquired by Freudenberg Sealing Technologies (Feb 2019)
- Legal Name Xalt Energy, Llc
- Latest Funding Round$6.94M (USD), Grant
Sep 2011
- InvestorsFreudenberg Sealing Technologies
& 2 more
- Employee Count262
- Acquired byFreudenberg Sealing Technologies
(Feb 2019)
Funding Insights of XALT Energy
- Total Rounds 2
- Last Round Grant — $6.94M
- First Round $6.2M
(Sep 2010)
- Investors Count 2
All 2 funding rounds of XALT Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2011 | $6.94M | Grant | – | – | |
| Sep 2010 | $6.2M | Grant | – | – |
3 investors in total: 3 institutional.
Investors in XALT Energy
XALT Energy has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Freudenberg Sealing Technologies, Military Health and OSTI.GOV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Administers health care and support for military personnel and operations. | health.mil | Falls Church, United States | ||
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | |||
Dynamic seals and wipers are manufactured for industrial applications. | 1929 | fst.com | Weinheim, Germany |
Investor details for XALT Energy
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People of XALT Energy
3 people are tracked at XALT Energy (3 in leadership); the tracked headcount is 262.
| Name | Role | Group |
|---|---|---|
Mark G Chema | Global Sales Director | Leadership |
Joshua Anzicek | VP Battery Management Systems And Controls | Leadership |
John Camardese | Battery Research Director | Leadership |
Complete people profiles for XALT Energy
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Timeline of XALT Energy
4 dated milestones of XALT Energy across 10 years, from founding to its latest funding, stage changes and deals.
- Founded XALT Energy is founded.
- Funding First funding round of $6.2M.
- Funding Latest funding round, Grant, of $6.9M.
- Exit Acquired by Freudenberg Sealing Technologies.
Competitors of XALT Energy
XALT Energy has 3 listed competitors in our database, 3 of them funded. They include 24m Technologies, Enovix and QuantumScape.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 24-m.com | 2010 | Cambridge, United States | $500M | 147 | Semi-solid lithium-ion batteries are developed to address manufacturing issues. | |
| enovix.com | 2006 | Fremont, United States | $125.03M | 332 | Lithium-ion battery cells are developed with 3D silicon anode technology. | |
| quantumscape.com | 2010 | San Jose, United States | $1B | 850 | Solid-state lithium-metal batteries are manufactured with anode-less cell design. |
Detailed competitors of XALT Energy
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as XALT Energy (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Xalt Energy
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Frequently Asked Questions about XALT Energy
XALT Energy was founded in 2009 and raised its 1st funding round 1 year after it was founded.
XALT Energy is headquartered in Midland, United States. It is registered at Midland, Texas, United States.
XALT Energy has 262 employees.
XALT Energy was founded in 2009 and is based in Midland, United States. Operations focus on the energy storage sector, where lithium-ion cells are manufactured at a capacity of several megawatt hours. A full-scale pack assembly facility has been established alongside this. Energy storage systems are applied in hybrid and electric commercial trucks, buses, heavy-duty marine propulsion, and stationary grid uses.
XALT Energy's top competitors include 24m Technologies, Enovix and QuantumScape.
XALT Energy has 3 investors. Key investors include Freudenberg Sealing Technologies, Military Health, and OSTI.GOV.
XALT Energy operates through Xalt Energy, Llc.
Yes. XALT Energy was acquired by Freudenberg Sealing Technologies in February 2019.