Organic Flow Battery Startup XL Batteries Raises $7.5 Million

The funding will help scale operations and help in the commercialization of its technology.

September 22, 2025

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XL Batteries, a long-duration grid-scale energy storage solution provider, raised $7.5 million from Merrin Investors, the family office of entrepreneur and philanthropist Seth Merrin. With this funding, the company plans to scale its operations, enhance grid resilience, and support energy independence by reducing reliance on foreign supply chains.

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