Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Soelect

Explore full profile

Solid-state battery component developer

High Point, United StatesFounded 2018Transportation
Valuation $50–100M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Soelect and the history behind them.

About Soelect

Soelect is a pioneering engineering solution provider that specializes in the development of advanced battery technology. The company's primary offering is its proprietary LiX® (Lithium-X) anode technology and solid-state electrolyte material, which are designed to resist dendrite formation, a common issue that can lead to battery failure. This technology enables the creation of safer, high energy density batteries that can be used in a wide range of applications, including electric vehicles, portable electronics, power tools, drones, aircraft, spacecraft, and tactical defense equipment.

The company's unique manufacturing process allows for mass production at a low cost, making it an attractive solution for businesses looking to incorporate high-performance batteries into their products. Additionally, Soelect's LiX® technology uses less lithium than standard lithium-ion batteries, which not only reduces material costs but also makes the batteries lighter and more energy-dense. Furthermore, these batteries can be charged to full capacity in just 15 minutes and retain over 80% of their capacity for 400 cycles, offering superior longevity and performance.

Soelect also places a strong emphasis on education and workforce development. The company has partnered with the Carolina Battery Institute (CBI) and Guilford Technical Community College to train future battery professionals, demonstrating its commitment to fostering talent and innovation in the battery industry.

Soelect has received recognition and financial support for its innovative work, including a $11,000 award from the One NC Small Business Program and a $250,000 grant from the DOD Army Small Business Innovation Research (SBIR) Program.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
High Point, United States
Employees
22
Open positions
2
Dealroom signal
51.8/100
Sub-industry
Energy Storage, Vehicle Production
Sector
Transportation, Battery, Spinout, Sustainable Development Goals, Solid-State Battery, EV Battery, Climate Tech, Electric Mobility, DT and LS
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Jan 2024 $250K — DoW Office for Small Business Innovation ↗
SERIES AOther financing Feb 2022 $11M $44M Daol Investment (Formerly KTB Network) · GM Ventures · Lotte Chemical · Lotte Ventures ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Soelect website traffic

Latest recorded traffic for Soelect is 110 monthly website visits, down 95.2% over the last three months. Soelect's team grew 0% over the past year.

Latest monthly visits110 3-month web change-95.2% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • DoW Office for Small Business Innovation

Series A4 investors entered at this stage

  • Lotte Ventures
  • Daol Investment (Formerly KTB Network)
  • GM Ventures
  • Lotte Chemical

Other known investors4 additional known investors

  • North Carolina Agricultural and Technical State University
  • UNCG School of Education
  • VentureSouth
  • First Launch Capital Fund
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · High Point HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Soelect on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Soelect’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.