About XL Batteries
XL Batteries is a company based in Marlborough (United States) founded in 2019 by Zack Strater, Anouck Champsaur, and Colin Nuckolls.. XL Batteries has raised $22.5 million across 3 funding rounds from investors including Myriad Venture Partners, Catalus Capital and SIP Global Partners. XL Batteries offers products and services including Organic Flow Battery. XL Batteries operates in a competitive market with competitors including CMBlu Energy, Quino Energy, Kemiwatt, Flux XII and Suqian Times Energy Storage Technology, among others.
- Headquarter Marlborough, United States
- Founders Zack Strater, Anouck Champsaur, Colin Nuckolls
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.5 M (USD)
in 3 rounds
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Latest Funding Round
$7.5 M (USD), Seed
Aug 06, 2025
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Investors
Myriad Venture Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of XL Batteries
XL Batteries offers a comprehensive portfolio of products and services, including Organic Flow Battery. 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.
Provides low-cost, reliable solutions for grid-scale renewable energy storage.
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Funding Insights of XL Batteries
XL Batteries has successfully raised a total of $22.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $7.5 million completed in August 2025. 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 3
- Last Round Seed — $7.5M
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First Round
First Round
(24 Feb 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Seed - XL Batteries | Valuation |
investors |
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| Apr, 2024 | Amount | Seed - XL Batteries | Valuation |
investors |
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| Feb, 2023 | Amount | Seed - XL Batteries | Valuation | Xerox Ventures , Catalus Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 XL Batteries
XL Batteries has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Myriad Venture Partners, Catalus Capital and SIP Global Partners. 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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Capital and ecosystem support are provided to early-stage entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage technology startups are supported by SIP Global Partners.
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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 XL Batteries
| 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 - XL Batteries
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Xl Batteries Comparisons
Competitors of XL Batteries
XL Batteries 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 CMBlu Energy, Quino Energy, Kemiwatt, Flux XII and Suqian Times Energy Storage Technology, 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 |
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| domain | founded_year | HQ Location |
Manufacturer of organic solid state energy storage systems
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| domain | founded_year | HQ Location |
Provider of solutions for energy storage systems
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| domain | founded_year | HQ Location |
Provider of solutions for organic flow battery
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| domain | founded_year | HQ Location |
Develops organic redox materials and flow battery systems for energy storage.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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Frequently Asked Questions about XL Batteries
When was XL Batteries founded?
XL Batteries was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is XL Batteries located?
XL Batteries is headquartered in Marlborough, United States. It is registered at Marlborough, Massachusetts, United States.
Who is the current CEO of XL Batteries?
Anouck Champsaur is the current CEO of XL Batteries. They have also founded this company.
Is XL Batteries a funded company?
XL Batteries is a funded company, having raised a total of $22.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Feb 24, 2023.
What does XL Batteries do?
XL Batteries was founded in 2019 and is headquartered in Marlborough, United States. Operations focus on the energy storage sector, where organic chemistry technology is employed to create flow battery systems. These systems are designed for grid-scale applications, supporting large-scale energy management. The company is led by co-founders including Anouck Champsaur as CEO, with emphasis on sustainable storage solutions.
Who are the top competitors of XL Batteries?
XL Batteries's top competitors include CMBlu Energy, Quino Energy and Kemiwatt.
What products or services does XL Batteries offer?
XL Batteries offers Organic Flow Battery.
Who are XL Batteries's investors?
XL Batteries has 4 investors. Key investors include Myriad Venture Partners, Catalus Capital, SIP Global Partners, and Joel Greenblatt.