Soelect secured government subsidies in 2023 through the ‘One North Carolina Small Business Program,’ which aims to reduce costs for startups involved in innovative research and development. The program offers two types of grants: an ‘incentive grant’ covering application costs for federal initiatives like SBIR and STTR, and a ‘matching
Argonne National Laboratory (ANL), a partner of Soelect, secured a $3 million Department of Energy funding for their innovative battery manufacturing project, “Advancing Solid-State Battery Manufacturing Through Scalable Synthesis, Processing, and Analysis.” This initiative is geared towards accelerating crucial manufacturing advancements for energy storage in electric vehicles and grid applications.
Read the original article here. Electric batteries appear to be the future of power – and this Triad startup is getting in on the action. Soelect, now 4 years old, develops solid-state battery components for a wide range of energy storage uses, like electric vehicles and portable electronics, and helps
Lotte Ventures, GM Ventures and KTB Networks Invest $11M inSoelect, Inc. to Fast Charge Lithium Metal Batteries for Future Vehicles Greensboro, North Carolina: February 3, 2022 –Soelect, Inc. today announced completion of its $11M Series A financing. Lotte Ventures teamed with GM Ventures and KTB Network to make the investment.
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”
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 propelthis company forward. Soelect Inc. is the third investment for First Launch Capital Fund, a Greensboro-based venture capital fund formed in 2018 and