The round was co-led by Ferroglobe and Access Industries, with participation from ADS, Helios Ventures, Pegasus Tech Ventures, Mana Ventures, and Entrada Ventures. The funding will accelerate the commercialization and scale-up of Coreshell's battery technology, support expansion of manufacturing and customer programs, and advance its goal of eliminating dependence on China for critical battery materials across both the anode and cathode supply chains.

Coreshell Technologies develops high-performance batteries designed to eliminate dependence on Chinese critical minerals. Its proprietary battery technology replaces conventional graphite in lithium-ion batteries with American metallurgical silicon (MGS), delivering higher performance at lower cost while enabling a domestic supply chain. Headquartered in San Leandro, California, Coreshell works with battery manufacturers, automotive OEMs, defense customers and other organizations seeking more secure energy storage solutions.