EGI Battery Secures $10 Million Seed Funding to Boost U.S. Advanced Battery Manufacturing
EGI Battery Inc. has successfully closed a $10 million seed financing round led by TSV Capital, with support from U.S. family offices. The funding will enhance manufacturing capabilities and promote the development of high-performance batteries for aerospace, UAS, robotics, and critical infrastructure. EGI aims to achieve ISO 9001 and AS9100 certifications while targeting 95% NDAA-compliant materials by 2028, reinforcing its commitment to secure domestic energy solutions.
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EGI Battery Inc., based in Ann Arbor, Michigan, announced the closure of a $10 million seed financing round led by TSV Capital, supported by U.S. family offices. The funding will be utilized to scale up manufacturing, expand commercial partnerships, and develop high-performance lithium-ion batteries for aerospace, uncrewed aerial systems, robotics, and critical infrastructure applications.
EGI is focusing on a U.S.-based industrialization roadmap, targeting ISO 9001 and AS9100 certifications, and aims for 95% NDAA-compliant materials by 2028. The capital will also facilitate the expansion of the Zeeb Campus manufacturing operations and strengthen domestic supply chain partnerships.
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