CorePower Magnetics’ patented combination of advanced manufacturing processes and novel materials increases electric vehicle ranges.
Electrification of transportation, greater energy efficiency and grid modernization require advances in power electronics and power conversion systems. Magnetics have presented a critical limitation in advancing these technologies. With the ability to custom engineer the features of magnetic cores, CorePower Magnetics’ components represent a step change in efficiency and power density. CorePower Magnetics’ patented combination of advanced manufacturing processes and novel materials results in up to 10x reductions in weight, 5x reductions in volume, and 50% reductions in losses with no rare earth metals required. Combined with our lower operating temperatures, these benefits lead to higher current capabilities, increased electric vehicle ranges, and longer component lifetimes.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Nov 22, 2022 | Grant | $5M | 1 | US Department of Energy | — | Detail |
Investor Name | Lead Investor | Funding Round |
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US Department of Energy | Yes | Grant |