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Lotte Ventures, GM Ventures and KTB Networks Invest $11M in Soelect, Inc. to Fast Charge Lithium Metal Batteries for Future Vehicles

Matt Bailey is on the board of directors of Soelect Inc., a lithium battery component development company based out Greensboro that just raised a seed round through First Launch Capital Fund in Greensboro. The company formed in 2018, with Ph.D's SungJin Cho as founder and CEO and Jong Soo "Jake" Cho as vice president of research and development.

It’s full steam ahead for a Triad company that just secured funding through a local venture capital fund. Only, it is battery power that is going to propel this company forward. Soelect Inc. is the third investment for First Launch Capital Fund, a Greensboro-based venture capital fund formed in 2018 and headed by fund executive and heade by fund executive and entrepreneurial guru Lou Anne Flanders-Stec.