Coreshell Technologies Raises $30M Series B to Scale China-Free Batteries for U.S. Industries
PR Newswire•11/11/2026•11:00 ET
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Key Highlights
- ➤Coreshell Technologies raises $30 million Series B co-led by Ferroglobe (GSM) and Access Industries
- ➤Ferroglobe and Access Industries lead financing alongside six participating investors
- ➤$50 million DOE grant supports Coreshell’s first giga-scale MGS-anode factory
- ➤Coreshell replaces graphite entirely with domestically produced metallurgical silicon
- ➤L&F agreement provides long-term lithium access for China-free cathode production
Expert Statements
Jonathan Tan, CEO and Co-Founder of Coreshell Technologies
“Meeting sourcing requirements is an important step, but it doesn't necessarily mean a battery supply chain is secure, no matter what industry you're in.”
Jonathan Tan, CEO and Co-Founder of Coreshell Technologies
“This new financing gives us the resources to scale a battery supply chain that eliminates dependence on China for critical materials while delivering advantages in performance and cost.”
Dave Bellis, Manager of Corporate Strategy and Development at ADS
“As uncrewed systems become increasingly important to the future of American defense, the batteries powering those systems cannot be a geopolitical liability.”
Dave Bellis, Manager of Corporate Strategy and Development at ADS
“Coreshell has a differentiated technology and a supply chain designed around domestic critical minerals, giving the defense industry a path toward batteries that are both high-performing and genuinely secure.”
Coreshell Technologies Raises $30M Series B to Scale China-Free Batteries for U.S. Industries PR Newswire
Round co-led by Ferroglobe and Access Industries builds on $50M DOE grant to accelerate commercialization of batteries made with domestic critical materials
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