Soelect Inc., headquartered in Greensboro, North Carolina, is an innovative engineering solutions provider dedicated to advancing cutting-edge battery technologies for next-generation energy storage. Founded in 2018, the company focuses on developing proprietary materials and scalable production methods to enhance safety, performance, and cost efficiency in lithium-ion batteries. Central to its offerings is the LiX® Anode Technology, a dendrite-resistant design that enables faster charging, higher energy density, and extended cycle life compared to traditional lithium-ion alternatives.
Soelect also pioneers solid-state electrolyte innovations, addressing thermal stability and flammability concerns common in conventional batteries. The company’s solutions support diverse applications—from electric vehicles and portable electronics to aerospace and tactical equipment—while emphasizing recyclability and sustainability. With a scalable manufacturing process aimed at high-volume, low-cost production, Soelect seeks to solidify its role in the global battery supply chain while fostering industry-wide workforce development through partnerships and training programs.
Battery Technology
Soelect’s core innovations center on its LiX® Anode Technology and solid-state electrolytes. The LiX® anode employs a composite structure that prevents dendrite formation, a key cause of short circuits and thermal runaway in lithium batteries. This allows for ultra-fast charging (full charge in 15 minutes) without sacrificing longevity, as batteries retain over 80% of their initial capacity after 400 cycles. By using less lithium than conventional designs, LiX® reduces raw material costs while increasing energy density, enabling lighter and more powerful batteries. The technology also simplifies recycling by facilitating the recovery of valuable components, aligning with circular economy principles.
The company’s solid-state electrolytes further enhance safety by replacing flammable liquid electrolytes with nonflammable, chemically stable materials. These electrolytes support the development of all-solid-state batteries, which promise higher energy density and safer operation. Soelect’s manufacturing advantage lies in its patented, all-solid, dry process for producing lithium metal composite anodes—a method granted U.S. Patent in July 2024. This process minimizes hazardous byproducts, reduces energy consumption, and accommodates a broad range of electrolyte types, ensuring adaptability for future battery designs.
To scale production, Soelect is collaborating with Lotte Chemical to build a giga-scale lithium metal anode facility in the U.S., supported by a $204 million investment. This eco-friendly facility will advance mass production, lowering costs and positioning the company to meet rising demand for high-performance batteries across industries.
Recent Projects
In July 2024, Soelect secured a pivotal patent for its dry manufacturing process, a breakthrough for safer, more efficient lithium anode production. This innovation is foundational for its partnership with Lotte Chemical, which aims to commercialize stable lithium metal batteries through joint R&D on polymer-type electrolytes and cathode materials. By late 2023, the collaboration had already produced early prototypes with enhanced energy storage capabilities.
August 2024 marked another milestone with Soelect’s expansion of workforce development programs in North Carolina. Partnering with local organizations like the Guilford Works Workforce Development Board and eight Battery Registered Apprenticeship Programs, the company strengthened its talent pipeline, emphasizing hands-on training for advanced battery manufacturing roles. These efforts not only address industry labor shortages but also reinforce Soelect’s commitment to regional growth and technological leadership.
Looking ahead, construction on the Lotte Chemical-Soelect giga-facility is expected to begin by 2025, signaling progress toward mass production goals. The plant will support high-volume output of LiX® anodes, driving broader adoption in EVs and other sectors.
Investors
Soelect has gained traction among prominent investors and funding bodies, securing approximately $13.3 million in combined seed and Series A funding. Leading the Series A round was Lotte Ventures (a subsidiary of Lotte Group), contributing $11 million alongside General Motors Ventures, KTB Network, VentureSouth, AMB, and Greensboro-based First Launch Capital Fund. Government grants further affirm institutional support, including a $250,000 award from the U.S. Department of Defense’s Army SBIR program and an $11,000 grant from the One NC Small Business Program. These partnerships and investments position Soelect to accelerate R&D, scale production, and solidify its position in the global battery market.
Business Details
Location: Greensboro, North Carolina, USA
Website: https://www.soelect.com/
LinkedIn: https://www.linkedin.com/company/90567414
