Company

CorePower Magnetics

Rocket Ship Rating

Rocket Ship Rating: 94 out of 100

CorePower Magnetics™ manufactures high-performance inductors, transformers, and motors using proprietary magnetic materials.

Clean energy & storage
Mobility, autonomy & EVs
Semiconductors & computing hardware
Climate positive
Deeptech
Hardware

Status: Operatingas of 2026-09-22
Business model: B2B
Headquarters: Pittsburgh, PA, United States
Founded: 2020
Customers: power electronics customers—from emerging innovators to Fortune 200 companies
Legal name: CorePower Magnetics Inc.

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Record updated 28 September 2026

About

We produce standard and custom inductors, transformers, motors, and magnetic materials in our U.S.-based, vertically integrated facility.

Funding snapshot

Total raised: $30.6MSum of rounds, as of 2026-09-19Source (opens in a new tab)
Latest round: Grant, $20M2024

Funding rounds

Grant: $20M2024, Company stated
Round, 2022: $2.4M2022-08-15, SEC form D sold, 2 investors
Round: $10.6MCompany stated

Products

Hardware: Amorphous Steel
Web: Amorphous Steel
Web: CPMLMAX™ Product Family
Hardware: Custom Inductors
Web: Custom Inductors
Hardware: Custom Motors
Web: Custom Motors
Hardware: Custom Transformers