It's launch day! We're a @CarnegieMellon and @NETL_DOE spin-off and we're building #magnetics to power the future of #cleanenergy. We're seeking #SeedRound funding to establish our first production scale facility. If you're interested, we'd like to talk!
https://t.co/YUvITLy2zJ
The Nanocrystalline Axial Flux Electric Motor, co-developed by @CorePowerMag & @CarnegieMellon, has been selected as a 2024 #RD100 Awards Finalist! Congratulations! 👏
Through ARPA-E's SCALEUP program, 8 selectees will receive a total of $100M to commercialize their clean energy technologies, supporting @ENERGY's commitment to investing in American-made technologies.
Read more in the press release here: https://t.co/sa3zHUJ1gy
#ARPAESCALEUP
📢Today, @ENERGY announced $100 million through the SCALEUP 2021 program for 8 selectees to:
1⃣Develop American-made modern tech to strengthen global competitiveness
2⃣Create more clean energy jobs
3⃣Cut greenhouse gas emissions
Learn more: https://t.co/sa3zHUrYey
#ARPAESCALEUP
Big news! Today @ENERGY and @ARPAE announced @CorePowerMag was selected as an awardee for the SCALEUP program. $5M in funding to drive #magnetification forward, establishing our pilot manufacturing line in #Pittsburgh.
https://t.co/3zXbg6JCH3
CMU spinoffs @CorePowerMag and @Mach9Robotics were both recently awarded $200k through the DOE. Read more about their work and other Pittsburgh companies receiving DOE grants: https://t.co/W9XFXY7fMw
Co-Founder & CTO of @CorePowerMag, Paul Ohodnicki, makes @PghBizTimes 20 People to Know in Energy. CorePower Magnetics, #IWPortfolio and @AlphaLabGear Alum, creates power-dense soft magnets which create longer charges for electronic vehicles.
https://t.co/NEpcc8L1t0
CMU Spinout @CorePowerMag CTO and @cmu_mse alum Paul Ohodnicki was recently featured in Pittsburgh Business Time's 20 People to Know in Energy: https://t.co/MnPAPnB9pC
We are excited to announce our investment in @corepowermag, a Pittsburgh-based climate tech startup that delivers state-of-the-art magnetics to enable power electronics components that are 90% smaller and 50% more efficient.
Learn more about CorePower at https://t.co/wthlzngoKT
Volta is pleased to have led @CorePowerMag's latest funding round.
Core Power is developing magnetic materials that improve electric motor efficiency while also reducing dependence on rare earth materials in the EV and renewable sector.
https://t.co/SY5wrsKs6P
@CorePowerMag just closed $2.5M in pre-seed funding. CorePower develops state-of-the-art magnets to help increase energy efficiency of electronic vehicles while reducing the use of rare-earth elements.
Congratulations, CorePower!
https://t.co/1d1bd8avjA
#NextStage#IWPortfolio
Here's your Friday dose of Carnegie Mellon startup news in today's Weekly Bulletin! Great news for @CorePowerMag, raising $2.5M pre-seed funding plus much more! https://t.co/wpHjzuECjM