Last updated 2026-07-26
- Raised $30M Series B led by Halliburton Labs, Mar 2024
- Raised $5M A Round Extension led by G Enone Energy Co.,Ltd., Apr 2023
- Raised $7.5M Series A led by Veligera, Sep 2022
Total raised
$42.5M
Last: B Round 2023-11
Stage
Series B
Founded
2021
Headcount
24
HQ
Rehovot, Israel
Sector
Energy Tech
About
XtraLit is a lithium technology and resource company that has developed a proprietary, economically efficient, and ecologically friendly technology for direct lithium extraction (DLE). This innovative process can extract lithium from brines, even those with low and medium lithium concentrations (5-300 ppm). The company's technology offers significant advantages over conventional lithium production methods, including higher recovery rates (up to 95% compared to 40-50% for evaporation processes), reduced environmental impact, and the ability to unlock new, unconventional lithium resources. XtraLit's solution is crucial for meeting the surging global demand for lithium, driven by the electric vehicle (EV) and renewable energy storage sectors.
Funding history · 3 rounds · $42.5M total
2024-03
B Round
$30.0M
★ Halliburton Labs★ Dragones Venture Partners
2023-04
A Round Extension
$5.0M
★ G Enone Energy Co.,Ltd.
2022-09
A Round
$7.5M
★ Veligera★ Arkin Sustainability
Headcount over time
From 3 (2021-08) to 24 (2025-12) · +21 (+700%) · 15 points · source: Finder history + radar grounding
Q&A
- What is XtraLit's core technology?
- XtraLit develops an innovative and eco-friendly direct lithium extraction (DLE) technology for brines, including those with low and medium lithium concentrations (5-300 ppm).
- When was XtraLit founded?
- XtraLit was founded in July 2021.
- How much funding has XtraLit raised in total?
- XtraLit has raised a total of $37.6 million USD.
- Which companies participated in XtraLit's B Round in January 2024?
- Halliburton Labs participated in XtraLit's B Round in January 2024, which raised $30 million USD.
- Which investors participated in XtraLit's B Round in November 2023?
- Dragones Venture Partners participated in XtraLit's B Round in November 2023, which raised $17.5 million USD.
- What is XtraLit's primary sector?
- XtraLit's primary sector is Energy Tech.
- What is the latest partnership announcement for XtraLit?
- In May 2025, YPF's Y-TEC and XtraLit joined forces to pioneer sustainable direct lithium extraction in Argentina.
Team · 5
Simon Litsyn
Founder · Co-Founder and CEO
Marina Akselrod
Founder · Co-Founder and VP Administration
Dmitry Tseitlin
Founder · Co-founder and VP Business Development
Alexander Varshavsky
Founder · Co-founder and VP Exploration & Production
Director Latin America
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Automotive & Mobility TechnologiesElectric Mobility & Alternative FuelsEnergy TechEnergy Management & Grid IntegrationClimate TechEnergy TransitionEco-Efficient Energy StorageClean Industry Tech Sustainable Materials & Circularity
Technologies
Materials & Substances
Target customers
Industrial ManufacturingHybrid IndustriesMiningEnergy, Utilities & Waste ManagementNew Fuels
Business model
B2B
Highlights
Climate Tech1 PatentsVerified
Tags
energy-storageoil-and-gas-companiesmaterialsclimate-techalternative-fuelsminingfuelsenergytech
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | xtralit.com/ |
|---|---|
| linkedin.com/company/95925301 |
Identifiers & details
| Founded | 2021-7 |
|---|---|
| Employees (exact) | 24 |
Radar intelligence
Web history (Wayback)
| Domain | xtralit.com |
|---|
Certificate / subdomain footprint
| Subdomains | 3 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 516433653 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2021-07-15 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 4 — people (1), annual_report (3) |
| Registered address | דרך בגין 121 תל אביב - יפו |
Recent registry events
| Date | Event |
|---|---|
| 2025-11-27 | עדכון בעלי תפקידים |
| 2025-12-01 | דו~ח שנתי-עדכון בעלי מניות |
| 2025-12-01 | דו~ח שנתי-שינוי בהוראות בתקנון |
| 2025-12-01 | דו~ח שנתי-הקצאת מניות |