Coreshell, a San Leandro, CA-based battery technology company, raised $24M in funding.
The round was led by Ferroglobe PLC (NASDAQ: GSM) and Zeon Ventures. Additional financial and returning investors included Lane Ventures, Entrada Ventures, Foothill Ventures, Helios Climate Ventures, Translink Investment, Trousdale Ventures, and Asymmetry Ventures.
The company intends to use the funds to scale its production at its newly-built 4 MWh manufacturing facility in San Leandro, California, with plans for a separate 100 MWh facility currently in site selection and design, and to expand its executive and R&D teams to refine the production processes for its battery cells, which are made using standard equipment from South Korea’s TopMaterial.
Led by CEO Jonathan Tan, Coreshell provides high performance silicon anodes built on its proprietary technology that unlocks the performance of metallurgical silicon. The company partners with a global producer of high-purity metallurgical silicon, battery manufacturers, and auto OEMs committed to the transition to clean energy.
FinSMEs
18/03/2025