Coreshell, a San Leandro, CA-based provider of technology to solve the battery performance issues that have bottlenecked the auto industry since the introduction of electric vehicles, raised $12M in Series A funding.
The round, which brought total funding to date to $19m, was led by Trousdale Ventures, Industry Ventures, and Helios Capital Ventures with participation from Entrada Ventures, Foothill Ventures, and Asymmetry Ventures.
The company intends to use the funds to accelerate commercialization of its battery coating technology.
Le day CEO Jonathan Tan, Coreshell has developed technology proven to increase the capacity and range of lithium ion batteries to meet the growing demand for electric vehicles around the world. Applied onto the surface of the electrodes in lithium-ion batteries during the manufacturing process, the technology aims to extend capacity of these batteries by 30 or more percent – while reducing costs for automakers.
Coreshell partners include multinational battery manufacturers and auto OEMs committed to zero emissions and paving the future of transportation.
FinSMEs
02/03/2022