About XALT Energy
XALT Energy is a company based in Midland (United States) founded in 2009 was acquired by Freudenberg Sealing Technologies in February 2019.. The company has 262 employees as of December 31, 2022. XALT Energy operates in a competitive market with competitors including 24m Technologies, Enovix, QuantumScape, Farasis Energy and Amprius Technologies, among others.
- Headquarter Midland, United States
- Employees 262 as on 31 Dec, 2022
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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 Xalt Energy, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$6.94 M (USD), Grant
Sep 28, 2011
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Investors
Freudenberg Sealing Technologies
& 2 more
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Employee Count
262
as on Dec 31, 2022
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Acquired by
Freudenberg Sealing Technologies
(Feb 04, 2019)
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Funding Insights of XALT Energy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $6.9M
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First Round
First Round
(17 Sep 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Grant - XALT Energy | Valuation |
investors |
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| Sep, 2010 | Amount | Grant - XALT Energy | 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 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. 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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Administers health care and support for military personnel and operations.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Dynamic seals and wipers are manufactured for industrial applications.
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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 XALT Energy
| 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 |
Financial Statements - XALT Energy
| 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 |
Xalt Energy Comparisons
Competitors of XALT Energy
XALT Energy 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 24m Technologies, Enovix, QuantumScape, Farasis Energy and Amprius Technologies, 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 |
Semi-solid lithium-ion batteries are developed to address manufacturing issues.
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| domain | founded_year | HQ Location |
Lithium-ion battery cells are developed with 3D silicon anode technology.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Farasis Energy is engaged in sustainable energy solutions development.
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| domain | founded_year | HQ Location |
Silicon nanowire-based Li-Ion batteries are developed for high energy density.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured by Britishvolt.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Xalt Energy
Frequently Asked Questions about XALT Energy
When was XALT Energy founded?
XALT Energy was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is XALT Energy located?
XALT Energy is headquartered in Midland, United States. It is registered at Midland, Texas, United States.
How many employees does XALT Energy have?
As of Dec 31, 2022, the latest employee count at XALT Energy is 262.
What does XALT Energy do?
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.
Who are the top competitors of XALT Energy?
XALT Energy's top competitors include 24m Technologies, Enovix and Farasis Energy.
Who are XALT Energy's investors?
XALT Energy has 3 investors. Key investors include Freudenberg Sealing Technologies, Military Health, and OSTI.GOV.