Coreshell Technologies, a 2018 CITRIS Foundry venture working to improve the production and longevity of lithium-ion batteries, has received $1 million after winning the 2025 Startup World Cup. Launched in 2017, the competition is hosted by Silicon Valley–based venture capital firm Pegasus Tech Ventures.
Coreshell has developed a specially coated silicon anode that can be produced 25 percent cheaper and 50 percent faster than traditional lithium-ion batteries. The company’s thin-film technology can also be integrated into existing manufacturing processes for current designs, increasing the capacity, lifetime and safety of both current and next-generation batteries. This innovation addresses one of the electric vehicle industry’s biggest cost barriers.
“This was a great acknowledgement of our team’s relentless work transforming battery materials — making them more efficient, affordable and sustainable,” Coreshell CEO Jonathan Tan said. “It’s been quite the journey and it’s great to see it recognized on a global stage.”
Earlier this year, Coreshell raised $24 million in series A2 funding to help scale up production.