Coreshell Raises $24M To Commercialize the Lowest-Cost and Domestically-Sourced Lithium-Ion Battery Anode
Summary
The round was anchored by Coreshells strategic partner Ferroglobe PLC (NASDAQ: GSM) - a global leader in the production of Silicon and Ferroalloys, and Zeon Ventures. As a result of this production scale-up, the company is now positioned to meet growing demand and will begin delivering commercial samples of its 60 Ah battery cells to global automakers in 2025. "As the global EV industry reaches an inflection point, automakers recognize that alongside range, supply chain resilience - driven by reliance on foreign countries for graphite production - and cost reduction are key to overcoming adoption barriers. Coreshell has revolutionized the entire cell design by creating battery chemistries made with earth abundant materials adding 30+% more range while decreasing cost by up to 25%. Headquartered in California, Coreshell partners include the leading global producer of high-purity metallurgical silicon, battery manufacturers, and auto OEMs committed to the transition to clean energy.