ICYMI: Coreshell Technologies wins $1 million grand prize at Startup World Cup Grand Finale, highlighting California’s entrepreneurial leadership
The Californer/10331016

~ Sacramento, California - Coreshell Technologies, a San Leandro-based EV battery innovator and participant in the SCALE Network, has claimed the top prize of $1 million at the Startup World Cup Grand Finale. The event, hosted by Pegasus Tech Ventures, showcased California's entrepreneurial leadership on a global stage.

Governor Gavin Newsom recognized Coreshell Technologies for their achievement and highlighted their journey from a regional startup to a global success. The company's affordable and scalable batteries with metallurgical silicon anodes have the potential to deliver longer range and lower costs for electric vehicles.

Coreshell Technologies' success is a testament to the mission of California's SCALE Network - Success, Capital Access, and Leadership for Entrepreneurs. The East Bay Small Business Development Center (SBDC), a key partner in this effort, provided Coreshell with no-cost advising, training, and capital readiness support leading up to their win. Additionally, the company received a multi-million-dollar award from the California Energy Commission to advance domestically sourced battery manufacturing.

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Governor Newsom praised Coreshell's transformational technology as an example of clean energy innovation and entrepreneurial drive that defines California businesses. He also emphasized initiatives like the SCALE Network that help turn bold ideas into technologies that drive the state's economy forward.

Coreshell Technologies emerged victorious in one of the largest global startup competitions, beating out over 10,000 competitors from 100 regions around the world. Two other California-based startups were also among the top ten finalists - GO TO-U from Los Angeles with their EV charging management software and Macro Cycle from San Francisco with their circular plastics and textile technology.

California is leading the way in clean transportation with over 2.47 million zero-emission vehicles sold to date and a record-breaking 124,755 purchased in the third quarter of 2025. Companies like Coreshell are playing a crucial role in transforming not only the electric vehicle industry but also enabling more efficient battery technology for other commercial applications, such as robotics. Their low-cost, high-performance battery product harnesses the potential of metallurgical silicon to deliver 30-40% higher energy density and significantly lower costs, making electric vehicles and energy storage systems more affordable.

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This win is not only a victory for Coreshell Technologies but also for California's small businesses. With over 4.3 million small businesses in the state, California has the most entrepreneurial spirit in the country. The SCALE program, administered by the California Office of the Small Business Advocate (CalOSBA), is dedicated to helping underinvested businesses scale and succeed. It reflects the state's commitment to expanding access to capital and creating equitable opportunities for entrepreneurs across California.

In conclusion, Coreshell Technologies' success at the Startup World Cup Grand Finale highlights California's leadership in entrepreneurship and clean energy innovation. With initiatives like the SCALE Network and support from organizations like SBDC and CalOSBA, California continues to pave the way for groundbreaking technologies that drive economic growth and create a more sustainable future.

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