# Inlyte Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inlyte-energy

- Industry: Energy Storage & Batteries
- Headquarters: Berkeley, US
- Website: www.inlyteenergy.com
- Total disclosed funding: $7.9M
- Latest round: Seed (Jun 30, 2023)
- Investors on record: 6

## About

Based in California, US, and founded by Antonio Baclig (CEO) in 2021, Inlyte Energy, Inc. operates as a provider of grid batteries made from iron and salt materials. In June 2023, the firm raised USD 7.88 million in seed funding led by investor At One Ventures, with participation from other investors Anglo American, Climate Capital, First Spark Ventures, TechEnergy Ventures, and Valo Ventures. The firm as of November 2023, has a subsidiary named Beta Research Ltd, in the UK.

The company develops sustainable grid batteries and economical grid storage solutions like sodium metal halide batteries, using abundant and cost-effective raw materials, specifically iron and salt, to drive the transition to renewable energy. These batteries have several advantages, including their environmentally friendly and low-cost materials, long lifetime, high round-trip efficiency, and safety. 

The company plans to utilize the June 2023 funding to further develop its technology.

## Funding rounds

- Seed, Jun 30, 2023, $7.9M — Anglo American, Valo Ventures, At One Ventures, First Spark Ventures, TechEnergy Ventures, Climate Capital

## Investors

- Anglo American — Seed
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Seed
- At One Ventures (https://capitalatlas.ai/funds/at-one-ventures) — Seed
- First Spark Ventures (https://capitalatlas.ai/funds/first-spark-ventures) — Seed
- TechEnergy Ventures (https://capitalatlas.ai/funds/techenergy-ventures) — Seed
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Seed