Coreshell Raises $24M To Commercialize the Lowest-Cost and Domestically-Sourced Lithium-Ion Battery Anode

 Strategic Funding Round to Scale Cell Production and Deliver Next-Generation EV Batteries to Global Automakers in 2025

SAN LEANDRO, Calif., March 18, 2025 /PRNewswire/ -- Battery technology company Coreshell today announced $24M in strategic funding aimed at scaling production of its 60 Ah battery cells made with 100% domestically-sourced metallurgical silicon (MG-Si). The round was anchored by Coreshell's strategic partner Ferroglobe PLC (NASDAQ: GSM) - a global leader in the production of Silicon and Ferroalloys, and Zeon Ventures. Additional financial and returning investors include Lane Ventures, Entrada Ventures, Foothill Ventures, Helios Climate Ventures, Translink Investment, Trousdale Ventures, and Asymmetry Ventures.

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