Coreshell announces $12M in Series A funding!

Led by sustainable energy VCs including Trousdale Ventures, Industry Ventures, and Helios Capital Ventures, the new financing will be used to accelerate commercialization of the world’s first battery coating technology proven to drastically increase the capacity and range of lithium ion batteries to meet the growing demand for electric vehicles around the world. Returning investors include Entrada Ventures, Foothill Ventures, and Asymmetry Ventures bringing total funding to date to $19M.

“Auto manufacturers around the globe are chasing after improved energy density to reduce battery size and manufacturing costs, but this is often at the expense of safety,” said Jonathan Tan, CEO of Coreshell. “The reality is that the industry doesn’t need to build a better battery from scratch. At Coreshell, we've discovered a way to unlock the true capacity of today’s batteries through a coating that can easily be applied in our partners’ existing manufacturing process. We believe this is the first major step in democratizing energy to help make sustainable transportation a reality for more people.”