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XtraLit
Develops technology for direct lithium extraction from aqueous source
About XtraLit
XtraLit, founded in 2022 by a team of seasoned scientists and experts, specializes in the development of patented, eco-friendly technology for direct lithium extraction from aqueous sources. This innovative approach addresses the growing global demand for lithium, a critical component in the transition to renewable energy. The company operates in the lithium extraction market, primarily serving industries involved in energy storage and electric vehicles. XtraLit generates revenue through the commercialization of its proprietary extraction technology, offering a cost-effective and environmentally sustainable solution to lithium producers. The business model focuses on licensing agreements and partnerships with major players in the lithium supply chain. XtraLit's leadership includes Dr. Dmitry and CEO Simon Litsyn, who bring extensive experience in electronic and industrial systems, contributing to the company's strategic direction and technological advancements. The company is actively seeking collaboration and investment opportunities to expand its impact in the global lithium market.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Rehovot, Israel
- Employees
- 22
- Open positions
- None listed
- Dealroom signal
- 75.5/100
- Industry
- Energy
- Sector
- Energy, Mining Technologies, Spinout, Sustainable Development Goals, Climate Tech, Lithium Mining, DT and LS, science-based
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Dec 2023 | $30M | $120M | Halliburton Labs | ↗ |
| SERIES AEquity / VC | Aug 2022 | $0 | — | Veligera Capital | — |
Growth signals
Latest recorded traffic for XtraLit is 1.3K monthly website visits, up 128.1% over the last three months. XtraLit's team declined 8.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Veligera Capital
Halliburton Labs
Other known investors1 additional known investor
Tel Aviv University
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about XtraLit 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
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