Key Takeaways
- • Coreshell Technologies, a San Leandro, California battery technology company, announced the close of a $30 million Series B financing round.
- • The round was co-led by Ferroglobe and Access Industries, with participation from ADS, Helios Ventures, Pegasus Tech Ventures, Mana Ventures, and Entrada Ventures.
- • Proceeds will fund commercialization and scale-up of Coreshell's battery technology, expansion of manufacturing, and customer programs.
- • Coreshell's technology replaces conventional graphite in lithium-ion batteries with American metallurgical silicon (MGS), targeting a domestic supply chain free of Chinese critical minerals.
- • The company serves battery manufacturers, automotive OEMs, and defense customers seeking more secure energy storage.
Summary
Coreshell Technologies, a battery technology company headquartered in San Leandro, California, announced the close of a $30 million Series B financing round. The round was co-led by Ferroglobe and Access Industries, with participation from ADS, Helios Ventures, Pegasus Tech Ventures, Mana Ventures, and Entrada Ventures, according to the company's announcement.
The capital is earmarked to accelerate the commercialization and scale-up of Coreshell's battery technology, support expansion of its manufacturing capacity and customer programs, and advance the company's stated goal of eliminating dependence on China for critical battery materials across both the anode and cathode supply chains.
Coreshell develops high-performance batteries designed to reduce reliance on Chinese critical minerals. Its proprietary technology replaces conventional graphite in lithium-ion batteries with American metallurgical silicon (MGS), which the company says delivers higher performance at lower cost while enabling a domestic supply chain. The company works with battery manufacturers, automotive OEMs, defense customers, and other organizations seeking more secure energy storage solutions.
The capital is earmarked to accelerate the commercialization and scale-up of Coreshell's battery technology, support expansion of its manufacturing capacity and customer programs, and advance the company's stated goal of eliminating dependence on China for critical battery materials across both the anode and cathode supply chains.
Coreshell develops high-performance batteries designed to reduce reliance on Chinese critical minerals. Its proprietary technology replaces conventional graphite in lithium-ion batteries with American metallurgical silicon (MGS), which the company says delivers higher performance at lower cost while enabling a domestic supply chain. The company works with battery manufacturers, automotive OEMs, defense customers, and other organizations seeking more secure energy storage solutions.
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