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Solid-state battery startup Soelect raises $11M in Series A; including GM Ventures

Soelect recently completed its $11-million Series A financing. Lotte Ventures teamed with GM Ventures and KTB Network to make the investment. Lotte Ventures, through a fund sponsored by Lotte Chemical, was the lead investor. We’re thrilled to have the benefit of learning from the vast capabilities of our investment partners..

Korea s KTB, Lotte Ventures join EV battery startup Soelect s Series A round

Soelect was founded in 2020 by Jin Cho, a 25-year battery veteran who has worked previously with LG, Samsung and Johnson Controls.

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