CorePower Magnetics

company

About

CorePower Magnetics’ patented combination of advanced manufacturing processes and novel materials increases electric vehicle ranges.

  • 1 - 10

Details

Last Funding Type
Grant
Last Funding Money Raised
$5M
Industries
Advanced Materials,Electronics,Manufacturing
Founded date
Jan 1, 2020
Number Of Employee
1 - 10
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$5M
CorePower Magnetics has raised a total of $5M in funding over 2 rounds. Their latest funding was raised on Nov 22, 2022 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 22, 2022 Grant $5M 1 US Department of Energy Detail

Investors

Number of Lead Investors
Number of Investors
1
1
CorePower Magnetics is funded by 1 investors. US Department of Energy are the most recent investors.
Investor Name Lead Investor Funding Round
US Department of Energy Yes Grant