EnergyX valuation, funding and investors
EnergyX works in lithium extraction technology development, based in Austin, United States. Founded in 2018, it has about 99 employees.
- Last round
- Growth · $225M · Jul 2026
- Valuation at last round
- $2.00B · implied
- Headcount
- 99 · flat
- Grade
- B
- Founded
- 2018
EnergyX valuation today
VCMC values EnergyX at $2.1B today, with a range of $1.4B to $3.1B and a grade of B. The valuation starts from its last funding round, a growth round in Jul 2026.
Valuation by date (112 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.7M | $3.89M – $29.3M | $14.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $11.0M | $3.99M – $30.1M | $15.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $11.3M | $4.10M – $30.9M | $15.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $11.6M | $4.21M – $31.8M | $15.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.9M | $4.33M – $32.6M | $15.7M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $12.2M | $4.44M – $33.5M | $15.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $12.5M | $4.56M – $34.4M | $16.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $12.9M | $4.68M – $35.3M | $16.2M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $15.9M | $5.79M – $43.7M | $17.7M (+11%) | before first round | 7 | unknown | D | 0% |
| 1 Feb 2021 | $16.1M | $5.84M – $44.1M | $17.8M (+11%) | before first round | 7 | unknown | D | 0% |
| 1 Mar 2021 | $16.2M | $5.89M – $44.5M | $18.0M (+11%) | before first round | 7 | unknown | D | 0% |
| 1 Apr 2021 | $16.3M | $5.95M – $44.9M | $18.1M (+11%) | before first round | 7 | unknown | D | 0% |
| 1 May 2021 | $16.5M | $6.00M – $45.3M | $18.2M (+11%) | before first round | 7 | unknown | D | 0% |
| 4 May 2021 | $111M | $73.0M – $304M | $200M (+80%) | after a round | 7 | unknown | C | 0% |
| 1 Jun 2021 | $116M | $73.0M – $304M | $200M (+72%) | after a round | 7 | unknown | C | 0% |
| 1 Jul 2021 | $122M | $73.0M – $304M | $200M (+64%) | after a round | 7 | unknown | C | 0% |
| 1 Aug 2021 | $128M | $73.0M – $304M | $200M (+56%) | after a round | 7 | unknown | C | 0% |
| 1 Sep 2021 | $135M | $73.0M – $304M | $200M (+48%) | after a round | 7 | unknown | C | 0% |
| 1 Oct 2021 | $142M | $73.0M – $304M | $200M (+41%) | after a round | 7 | unknown | C | 0% |
| 1 Nov 2021 | $149M | $73.0M – $304M | $200M (+34%) | after a round | 7 | unknown | C | 0% |
| 1 Dec 2021 | $156M | $73.0M – $304M | $200M (+28%) | after a round | 7 | unknown | C | 0% |
| 1 Jan 2022 | $164M | $73.0M – $304M | $200M (+22%) | after a round | 7 | unknown | C | 0% |
| 1 Feb 2022 | $214M | $97.4M – $406M | $267M (+24%) | after a round | 26 | growing | C | 0% |
| 1 Mar 2022 | $229M | $97.4M – $406M | $267M (+16%) | after a round | 26 | growing | C | 0% |
| 1 Apr 2022 | $247M | $97.4M – $406M | $267M (+8%) | after a round | 26 | growing | C | 0% |
| 1 May 2022 | $265M | $97.4M – $406M | $267M (+1%) | after a round | 26 | growing | C | 0% |
| 1 Jun 2022 | $267M | $98.7M – $406M | $267M (0%) | after a round | 26 | growing | C | 0% |
| 1 Jul 2022 | $1.9B | $1.3B – $2.9B | $2.1B (+10%) | after a round | 26 | growing | B | 0% |
| 2 Jul 2022 | $1.9B | $1.3B – $2.9B | $2.1B (+10%) | after a round | 26 | growing | B | 0% |
| 1 Aug 2022 | $1.9B | $1.3B – $2.9B | $2.1B (+9%) | after a round | 26 | growing | B | 0% |
| 1 Sep 2022 | $1.9B | $1.3B – $2.9B | $2.1B (+8%) | after a round | 26 | growing | B | 0% |
| 1 Oct 2022 | $1.9B | $1.3B – $2.9B | $2.1B (+7%) | after a round | 26 | growing | B | 0% |
| 1 Nov 2022 | $1.9B | $1.3B – $2.9B | $2.1B (+7%) | after a round | 26 | unknown | B | 0% |
| 1 Dec 2022 | $2.0B | $1.3B – $2.9B | $2.1B (+6%) | after a round | 26 | unknown | B | 0% |
| 1 Jan 2023 | $2.1B | $1.5B – $3.4B | $2.4B (+12%) | after a round | 47 | growing | B | 0% |
| 1 Feb 2023 | $2.2B | $1.5B – $3.4B | $2.4B (+10%) | after a round | 47 | growing | B | 0% |
| 1 Mar 2023 | $2.2B | $1.5B – $3.4B | $2.4B (+8%) | after a round | 47 | growing | B | 0% |
| 1 Apr 2023 | $2.2B | $1.5B – $3.4B | $2.4B (+6%) | after a round | 47 | growing | B | 0% |
| 12 Apr 2023 | $358M | $235M – $815M | $536M (+50%) | after a round | 47 | growing | C | 0% |
| 1 May 2023 | $365M | $235M – $815M | $536M (+47%) | after a round | 47 | growing | C | 0% |
| 1 Jun 2023 | $378M | $235M – $815M | $536M (+42%) | after a round | 47 | growing | C | 0% |
| 1 Jul 2023 | $391M | $235M – $815M | $536M (+37%) | after a round | 47 | growing | C | 0% |
| 1 Aug 2023 | $404M | $235M – $815M | $536M (+32%) | after a round | 47 | growing | C | 0% |
| 1 Sep 2023 | $419M | $235M – $815M | $536M (+28%) | after a round | 47 | unknown | C | 0% |
| 1 Oct 2023 | $450M | $255M – $887M | $583M (+29%) | after a round | 69 | growing | C | 0% |
| 1 Nov 2023 | $470M | $255M – $887M | $583M (+24%) | after a round | 69 | growing | C | 0% |
| 1 Dec 2023 | $489M | $255M – $887M | $583M (+19%) | after a round | 69 | growing | C | 0% |
| 1 Jan 2024 | $510M | $255M – $887M | $583M (+14%) | after a round | 69 | growing | C | 0% |
| 1 Feb 2024 | $533M | $256M – $890M | $585M (+10%) | after a round | 70 | growing | C | 0% |
| 1 Mar 2024 | $561M | $260M – $904M | $594M (+6%) | after a round | 75 | growing | C | 0% |
| 1 Apr 2024 | $586M | $260M – $904M | $594M (+1%) | after a round | 75 | growing | C | 0% |
| 1 May 2024 | $594M | $262M – $904M | $594M (0%) | after a round | 75 | growing | C | 0% |
| 1 Jun 2024 | $594M | $265M – $904M | $594M (0%) | after a round | 75 | growing | C | 0% |
| 1 Jul 2024 | $594M | $268M – $904M | $594M (0%) | after a round | 75 | growing | C | 0% |
| 1 Aug 2024 | $610M | $262M – $929M | $610M (0%) | after a round | 85 | up | C | 0% |
| 1 Sep 2024 | $610M | $260M – $929M | $610M (0%) | after a round | 85 | up | C | 0% |
| 1 Oct 2024 | $610M | $259M – $929M | $610M (0%) | after a round | 85 | up | C | 0% |
| 5 Oct 2024 | $757M | $533M – $1.2B | $833M (+10%) | after a round | 85 | up | B | 0% |
| 1 Nov 2024 | $762M | $533M – $1.2B | $833M (+9%) | after a round | 85 | up | B | 0% |
| 1 Dec 2024 | $768M | $533M – $1.2B | $833M (+8%) | after a round | 85 | up | B | 0% |
| 1 Jan 2025 | $775M | $533M – $1.2B | $833M (+7%) | after a round | 85 | up | B | 0% |
| 1 Feb 2025 | $781M | $533M – $1.2B | $833M (+7%) | after a round | 85 | up | B | 0% |
| 1 Mar 2025 | $787M | $533M – $1.2B | $833M (+6%) | after a round | 85 | up | B | 0% |
| 1 Apr 2025 | $793M | $533M – $1.2B | $833M (+5%) | after a round | 85 | up | B | 0% |
| 1 May 2025 | $799M | $533M – $1.2B | $833M (+4%) | after a round | 85 | up | B | 0% |
| 1 Jun 2025 | $806M | $533M – $1.2B | $833M (+3%) | after a round | 85 | up | B | 0% |
| 1 Jul 2025 | $823M | $543M – $1.2B | $847M (+3%) | after a round | 92 | up | B | 0% |
| 1 Aug 2025 | $831M | $543M – $1.2B | $847M (+2%) | after a round | 92 | up | B | 0% |
| 1 Sep 2025 | $846M | $548M – $1.2B | $855M (+1%) | after a round | 96 | up | B | 0% |
| 1 Oct 2025 | $852M | $547M – $1.2B | $853M (0%) | after a round | 95 | up | B | 0% |
| 1 Nov 2025 | $853M | $533M – $1.2B | $853M (0%) | after a round | 95 | up | B | 0% |
| 1 Dec 2025 | $853M | $519M – $1.2B | $853M (0%) | after a round | 95 | up | B | 0% |
| 1 Jan 2026 | $853M | $505M – $1.2B | $853M (0%) | after a round | 95 | up | B | 0% |
| 1 Feb 2026 | $853M | $491M – $1.2B | $853M (0%) | after a round | 95 | up | B | 0% |
| 1 Mar 2026 | $853M | $429M – $1.2B | $853M (0%) | after a round | 95 | flat | B | 0% |
| 1 Apr 2026 | $853M | $408M – $1.2B | $853M (0%) | after a round | 95 | flat | B | 0% |
| 1 May 2026 | $853M | $388M – $1.2B | $853M (0%) | after a round | 95 | flat | B | 0% |
| 1 Jun 2026 | $853M | $369M – $1.2B | $853M (0%) | after a round | 95 | flat | B | 0% |
| 1 Jul 2026 | $861M | $354M – $1.2B | $861M (0%) | after a round | 99 | flat | C | 0% |
| 7 Jul 2026 | $2.0B | $1.4B – $3.1B | $2.2B (+10%) | after a round | 99 | flat | B | 0% |
| 1 Aug 2026 | $2.0B | $1.4B – $3.1B | $2.2B (+9%) | after a round | 107 | up | B | 0% |
| 1 Sep 2026 | $2.0B | $1.4B – $3.1B | $2.2B (+8%) | after a round | 107 | up | B | 0% |
| 1 Oct 2026 | $2.0B | $1.4B – $3.1B | $2.2B (+6%) | after a round | 99 | flat | B | 0% |
| 24 Oct 2026 | $2.1B | $1.4B – $3.1B | $2.2B (+6%) | after a round | 99 | flat | B | 0% |
Key facts about EnergyX
- Founded
- 2018
- Headquarters
- Austin, United States
- Employees
- about 99 +3% in a year
- Total raised
- $825M
- Funding rounds
- 6
- Last round
- Growth Equity Jul 2026
EnergyX was founded in 2018 by Teague Egan.
EnergyX funding history
EnergyX has 6 funding rounds on record, from May 2021 to Jul 2026, $825M in total. None disclosed a valuation.
$225M
Growth Equity 4 Oct 2024
With Kawn Ventures, The University Of Texas At Austin, Helios Capital, Mirza Canada, DealMaker, Knockout Capital. Individuals: retail investors.
Sources: energyx.com, techcrunch.com, energyx.com and 1 more
$75M
$5.0M
$50M
$450M
Series A 3 May 2021
With Obsidian Acquisition Partners, Helios Capital, University of Texas.
Sources: energyx.com, mining.com, prnewswire.com and 1 more
$20M
EnergyX investors
11 investors have backed EnergyX; Eni and GM Ventures led at least one round.
- Eni lead
- Helios Capital 2 rounds
- DealMaker
- Mirza Canada
- Obsidian Acquisition Partners
- The University Of Texas At Austin
- University of Texas
What EnergyX does
EnergyX works in chemicals, with 15 recorded offerings and customers in renewable energy and automotive.
Energy Exploration Technologies, Inc., known as EnergyX, is an American technology company engaged in clean energy solutions, with a focus on lithium extraction, refinery, and production technologies, as well as battery and energy storage systems. The company develops and commercializes patented lithium extraction technologies, including direct lithium extraction from brine, and operates pilot and demonstration-scale facilities in the United States and Chile. EnergyX also conducts research and development in lithium production and battery technology, and maintains a global presence with offices in the United States and Puerto Rico.
Description from Veridion's company data.
Products and services
- Lithium Extraction Technology Development
- Brine-Based Lithium Production
- Lithium Refinery and Processing
- Battery Material Manufacturing
- Lithium-Ion Battery Manufacturing
- Energy Storage Solutions Development
- Sustainable Energy Technology Research
- Clean Energy Application Development
- Electric Vehicle Lithium Supply Solutions
- Residential and Commercial Battery Solutions
- Lithium-Ion Cell Manufacturing
- Lithium-Ion Battery Manufacturing
- Lithium-Ion Battery Application Development
- Lithium-Ion Battery Supply Solutions
- Lithium-Ion Battery Research and Development
Markets
- Renewable Energy
- Automotive
Technology
- Direct Lithium Extraction Technologies From Brine to Battery
- Absorption Technology for Lithium Extraction
- Solvent Extraction Technology for Lithium Recovery
- Membrane Technology for Lithium Purification
- Multi-Level Synthetic Ion Separation Techniques
Business model
- Business-to-Business
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 325180 Other Basic Inorganic Chemical Manufacturing 50% match
- 334419 Other Electronic Component Manufacturing 30% match
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) 20% match
Questions about EnergyX
What is EnergyX worth?
Valuation $2.1B (range $1.4B to $3.1B), as of 24 Oct 2026.
Has EnergyX raised money?
EnergyX has 6 funding rounds on record, from May 2021 to Jul 2026, $825M in total. None disclosed a valuation.
Who has invested in EnergyX?
Eni, GM Ventures, Helios Capital, DealMaker, Global Emerging Markets and Kawn Ventures, and 5 more. Lead investors include Eni and GM Ventures.
How many people work at EnergyX?
About 99, up 3% over the last year. Headcount grew from 7 in Jan 2021 to 99 in Sep 2026.
What does EnergyX do?
EnergyX works in chemicals, with 15 recorded offerings and customers in renewable energy and automotive. Its main offerings are lithium extraction technology development, brine-based lithium production and lithium refinery and processing.
When was EnergyX founded, and where is it based?
EnergyX was founded in 2018 and is based in Austin, United States. It has about 99 employees, up 3% over the last year.