EGI Battery, a Michigan-based advanced battery technology and manufacturing company, announced it has raised $10 million in a seed financing round to accelerate domestic production and commercial expansion. The round was led by TSV Capital and included participation from several prominent U.S. family offices.
The Ann Arbor-headquartered company said the new funding will support the scale-up of its manufacturing operations, expansion of commercial partnerships, and continued development of high-performance lithium-ion batteries designed for aerospace, uncrewed aerial systems, robotics, and other critical infrastructure applications.
The company is advancing a U.S.-based industrialization roadmap centered on scalable production, supply chain resilience, and stringent quality standards. As part of this plan, EGI is expanding its Zeeb Campus manufacturing operations and targeting ISO 9001 and AS9100 certifications. It is also working toward achieving at least 95% NDAA-compliant materials by cost by 2028, reinforcing its commitment to a transparent, non-China material supply chain.
According to the company, the capital infusion will fund Zeeb Campus expansion and operational readiness, ongoing engineering and product development for commercial and qualified government battery programs, and further strengthening of domestic supply chain partnerships.
EGI Battery develops and produces high-performance lithium-ion batteries for dual-use aerospace, unmanned systems, robotics, and other mission-critical applications. The company said it is actively advancing intellectual property and manufacturing capabilities to meet growing U.S. demand for secure, domestically manufactured energy storage solutions.
KEY QUOTES
“We are thrilled to welcome TSV Capital and our new family office partners as investors in EGI Battery. This funding validates both the strength of our technology and the urgency of the market demand for secure, domestically designed and manufactured batteries. With this support, we are advancing Michigan-based manufacturing operations to execute our 2026 commercial plan.”
Tom McGuckin, CEO and Founder of EGI Battery Inc.
“EGI represents exactly the kind of founder-led, technically rigorous company we look to back at TSVC. Advanced batteries are foundational to aerospace, robotics, UAS, and critical infrastructure. Building this capability domestically is not only a market opportunity — it’s a strategic imperative. We are proud to support the EGI team as they scale U.S.-based manufacturing with a resilient supply chain.”
Eugene Zhang, Founding Partner at TSV Capital
