When was XALT Energy founded?

XALT Energy was founded in 2009 and raised its 1st funding round within a year of its incorporation.

Where is XALT Energy located?

XALT Energy is headquartered in Midland, United States. It is registered at Midland, Michigan.

How many employees does XALT Energy have?

As of Apr 30, 2026, the latest employee count at XALT Energy is 155.

Is XALT Energy a funded company?

XALT Energy is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Dec 10, 2009.

When was the latest funding round of XALT Energy?

XALT Energy's latest funding was a $***** Series A round on 2013, with participation from 1 investor. Its primary sector is Energy Storage Tech. In United States, the Energy Storage Tech sector has seen $1.29B in funding in 2026 to date.

Where does XALT Energy rank among its competitors?

XALT Energy ranks 78th amongst 1243 active competitors, of which 127 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Indigrid Technology, which secured $4.45M in Jan, 2026.

Who are the top competitors of XALT Energy?

XALT Energy's top competitors include QuantumScape, Amprius Technologies and Sunwoda Electronic. Among them, Indigrid Technology secured the most recent funding round in January, 2026.

XALT Energy - 2026 Company Profile, Funding & Competitors

Company Details

Lithium Ion based energy storage solutions for OEMs. The company currently has megawatt hours of cell manufacturing capacity installed, the facility has also grown to include a full-scale pack manufacturing operation. Their ESS is designed for use in multiple applications including hybrid & electric commercial trucks, buses, and heavy-duty transportation hybrid & electric marine power and propulsion as well as grid & stationary applications.

Website: xaltenergy.com
Email ID: *****@xaltenergy.com
Registered Address: Midland, Michigan

Key Metrics

Founded Year

2009

Location

Midland, United States

Stage

Acquired

Latest Funding Round

Series A, 2013, $*****

Investors

Townsend Capital & 2 more

Ranked

78^th among 1243 active competitors

Employee Count

155 as on Apr 30, 2026

Similar Companies

Sunwoda Electronic & 1349 more

Exit Details

Acquired by Freudenberg Sealing Technologies (Feb 04, 2019)

View XALT Energy's full profile

XALT Energy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
XALT ENERGY, LLC CIN: 264567233 , United States, Active	Dec 26, 999	-	437 (As on Dec 31, 2024)	-

XALT Energy got acquired by Freudenberg Sealing Technologies on Feb 04, 2019.

Click here to take a look at XALT Energy's acquisition in detail

XALT Energy has raised funding over 4 rounds. Its first funding round was on Dec 10, 2009. Its latest funding round was a Series A round on 2013 for $*****. 1 investor participated in its latest round. XALT Energy has 3 institutional investors.

Here is the list of recent funding rounds of XALT Energy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2013	5121	Series A	3245	9034	4401	1576
Sep 28, 2011	7161010	Grant (prize money)	3631485	9983297	9617388	OSTI
Sep 17, 2010	5477459	Grant (prize money)	3331330	4360150	7457878	Military Health

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View details of XALT Energy's funding rounds and investors

XALT Energy's employee count trend

XALT Energy has 155 employees as of Apr 26. Here is XALT Energy's employee count trend over the years:

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Top competitors of XALT Energy include QuantumScape, Amprius Technologies and Sunwoda Electronic. Here is the list of Top 10 competitors of XALT Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 16 others	73/100
2nd	Amprius Technologies 2009, Fremont (United States), Public	Developer of silicon nano-wire-based Li-Ion batteries	$55M	Kleiner Perkins, Airbus Official & 19 others	71/100
3rd	Sunwoda Electronic 1997, Shenzhen (China), Public	Manufacturer of lithium-ion batteries, energy storage systems, and related hardware	-	Source Code Capital, Cygnus Equity & 8 others	71/100
4th	24m Technologies 2010, Cambridge (United States), Series H	Developer of battery technology for electric vehicles and energy storage	$500M	ITOCHU, CRV & 20 others	69/100
5th	Enovix 2006, Fremont (United States), Public	Battery cells developer for lithium-ion batteries	$220M	Sofinnova Investments, York Capital Management ... & 10 others	69/100
6th	InoBat 2019, Bratislava (Slovakia), Series B	Developer of battery solutions for energy security and sustainable e-mobility	$147M	Rio Tinto, IPM Group & 9 others	68/100
7th	Factorial Energy 2013, Woburn (United States), Series D	Developer of sustainable solid-state batteries	$244M	Stellantis, Mercedes-Benz & 16 others	66/100
8th	Indigrid Technology 2017, Gurugram (India), Series A	Platform offering electric vehicle powertrain products and electronic design manufacturing services	$13.9M	Cactus Venture Partners, Valour Capital & 11 others	65/100
9th	Livguard 2014, Gurugram (India), Series B	Manufacturer of automotive batteries and solar products	$65.1M	Ivory Investment, ChrysCapital & 4 others	65/100
10th	Verkor 2020, Grenoble (France), Series C	Manufacturer of lithium ion battery cells for electric vehicle mobility	$1.34B	Renault, Societe Generale & 37 others	65/100
78th	XALT Energy 2009, Midland (United States), Acquired	Lithium Ion based energy storage solutions for OEMs	-	Townsend Capital, Military Health & 1 others	45/100