# XB Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xb-power

- Industry: Energy Storage & Batteries
- Headquarters: Beijing, China
- Website: www.xbpower.com.cn
- Latest round: Angel (Aug 1, 2023)
- Investors on record: 2

## About

Based in China, XB Power specializes in the design and manufacturing of advanced sodium-ion battery systems, focusing on innovative energy solutions for heavy machinery and public transportation sectors.Founded in 2023 and headquartered in Beijing, China, XB Power designs sodium-ion battery systems for various applications. The company completed its first funding round in August 2023, securing Angel funding from Innoangel Fund and Founder H Fund. The founder's history is not detailed, and there are no known subsidiaries or significant strategic pivots.XB Power, officially known as ????????????, 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. Additionally, the company has developed high-power sodium battery systems for hybrid buses in Chongqing, ensuring effective operation under challenging conditions, mainly targeting manufacturers of construction equipment and public transport operators, particularly in low-carbon energy markets outside of China.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. Their innovative sodium-ion battery systems command premium pricing due to their advanced technology and performance advantages.XB Power plans to leverage recent Angel funding raised in August 2023 to expand its product offerings and market reach. 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.

## Funding rounds

- Angel, Aug 1, 2023 — Founder H Fund, Innoangel Fund

## Investors

- Founder H Fund (https://capitalatlas.ai/funds/founder-h-fund) — Angel
- Innoangel Fund (https://capitalatlas.ai/funds/innoangel-fund) — Angel