# XtraLit

**Source:** https://www.startuphub.ai/startups/xtralit
**Profile type:** Startup

> Develops and deploys advanced technology for efficient lithium extraction from low-concentration brines.

## About

XtraLit is a lithium technology and resource company that has developed proprietary, economically efficient, and ecologically friendly direct lithium extraction (DLE) technology. Their patented DLE technology can extract lithium from aqueous sources, including brines with low lithium concentrations (5-300 ppm), offering significant advantages in lithium recovery and reduced environmental impact. XtraLit serves the growing demand for lithium batteries, essential for electric vehicles and energy storage, by unlocking unconventional resources and providing cost-effective raw materials for battery manufacturers.

## Key facts

- **Slug:** xtralit
- **Website:** https://xtralit.com
- **Location:** Rehovot, Israel
- **Founded:** 2021-01-20 00:00:00
- **Employees:** 23
- **Operating status:** Active
- **Total funding:** $55M
- **Sectors / tags:** Energy, Renewable Energy, Lithium, Battery, Mining, Energy & Climate Tech, Clean Energy, Lithium Extraction, Resource Technology, Sustainability
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/xtralit/

## Frequently asked

### What does XtraLit do?

XtraLit is a lithium technology and resource company that has developed proprietary, economically efficient, and ecologically friendly direct lithium extraction (DLE) technology. Their patented DLE technology can extract lithium from aqueous sources, including brines with low lithium concentrations (5-300 ppm), offering significant advantages in lithium recovery and reduced environmental impact. XtraLit serves the growing demand for lithium batteries, essential for electric vehicles and energy s…

### What is XtraLit's revenue?

StartupHub estimates XtraLit's annual revenue at $14.6M (range $7.8M to $41.6M, 71% confidence), based on comparable companies in the sector.

### What is XtraLit's valuation?

StartupHub estimates XtraLit's effective valuation at $227.5M (range $137.5M to $330.0M, 16% confidence), based on comparable companies in the sector.

### How much funding has XtraLit raised?

XtraLit has raised a total of $55M in funding. The most recent round on record is Series B.

### Where is XtraLit headquartered?

XtraLit is headquartered in Rehovot, Israel.

### When was XtraLit founded?

XtraLit was founded in 2021.

### What industry does XtraLit operate in?

XtraLit operates in Energy, Renewable Energy, Lithium, Battery, Mining, Energy & Climate Tech.

### How many employees does XtraLit have?

XtraLit has approximately 23 people on record.

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