XB Power
Latest round
- Angel
Last raised
- Aug 2023
Total raised
- Undisclosed
Investors
- 2
About XB Power
Founded in 2023 and headquartered in Beijing, China, XB Power designs sodium-ion battery systems for various applications., specializes in advanced sodium-ion battery systems tailored for heavy machinery and public transportation. Their flagship product is the world's first sodium-ion battery system for excavators, designed to enhance construction equipment performance and sustainability.XB Power's revenue model is based on direct sales of sodium-ion battery systems to original equipment manufacturers (OEMs) and public transportation entities through B2B agreements. Transactions include bulk orders where pricing is determined by client specifications and often involve long-term contracts for supply and support. The company is designing new sodium-ion battery systems tailored for additional heavy machinery applications, with anticipated launches within the next 12 months. They aim to penetrate new geographical markets, particularly in Europe and North America, by 2025, enhancing their presence in regions that emphasize low-carbon energy solutions.
Who invested in XB Power
2 investors across 1 round
See all investors in XB Power
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Angel
Aug 1, 2023
Amount
Undisclosed
Investors
Questions about XB Power
Who invested in XB Power?
XB Power has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has XB Power raised?
XB Power has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did XB Power last raise money?
XB Power's most recent round on record is a Angel, in Aug 2023.
What does XB Power do?
Founded in 2023 and headquartered in Beijing, China, XB Power designs sodium-ion battery systems for various applications.
Where is XB Power headquartered?
XB Power is headquartered in Beijing, China.
Which VCs invest in companies like XB Power?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back energy storage & batteries companies at XB Power's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Angel
Raising like XB Power? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.