XL Batteries

Marlborough, MA · Founded 2019 · Privately Held (backing)

Developer of batteries designed to reduce waste within the existing energy infrastructure and unlock the potential of renewables for a sustainable future. XL Batteries is based in Marlborough, MA and was founded in 2019. Its last reported valuation was $44 million in Feb 2023. It has raised $34.7 million across 3 recorded rounds; the latest was a $7.5 million early-stage round in Aug 2025.

Last reported valuation
$44.0M
Oct 2026
Priced at
—
Total raised
$34.7M
Last round
Early Stage VC
Aug 2025
What is XL Batteries worth?
$44.0Mlast reported valuation · Oct 2026

XL Batteries's last reported valuation, Feb 2023. Nothing priced has surfaced since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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XL Batteries funding history

3 rounds
DateRoundRaisedPost-money
Aug 2025Early Stage VC$7.5M▮
Apr 2024Early Stage VC$7.7M▮
Aug 2022Early Stage VC$8.0M▮
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XL Batteries valuation

XL Batteries's last reported valuation was $44 million in Feb 2023. No priced round, secondary trade or fund mark has surfaced since.

How much has XL Batteries raised?

XL Batteries has raised $34.7 million across 3 recorded rounds since 2022. The largest was an $8 million early-stage round in Aug 2022; the most recent was a $7.5 million early-stage round in Aug 2025.

XL Batteries has filed 4 Form Ds with the SEC since 2022, most recently in Aug 2025 ($7.5 million sold to 1 investor).

How XL Batteries's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For XL Batteries, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by last reported valuation. Question about this number? Full methodology →

Frequently asked about XL Batteries

What is XL Batteries worth?
XL Batteries is valued at $44.0M as of Oct 2026. XL Batteries's last reported valuation, Feb 2023. Nothing priced has surfaced since.
How much has XL Batteries raised?
XL Batteries has raised $34.7M in total funding across 3 recorded rounds.
When did XL Batteries last raise?
XL Batteries last raised in Aug 2025 (Early Stage VC), raising $7.5M.