CMU spinout CorePower reports $14.3M in fresh funding

A new SEC filing shows the Pittsburgh startup is seeking an additional $220,000 to reach its $14.5 million goal for energy infrastructure tech.

By: Alice Crow

Outlets: Technical.ly

Published: September 9, 2026

Words: 231

Last Updated: 1 month, 2 weeks ago

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CorePower Magnetics raised $14.3 million as it works to scale its electric vehicle and power grid tech.

The round remains open as the company seeks an additional $220,000 to meet its $14.5 million goal, according to a new Form D filing with the US Securities and Exchange Commission (SEC).

CorePower, a 2020 Carnegie Mellon University spinout, aims to develop smaller and more efficient magnetic components, like inductors and transformers, that go into building energy …

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