Battery technology company Coreshell has announced $24 million 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.

Coreshell provides the lowest cost, high performance silicon anodes on Earth. Coreshell's proprietary technology unlocks the performance of metallurgical silicon, which has ten times the capacity than current battery anodes at significantly lower costs. 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.