Today we are pleased to welcome CorePower Magnetics to the Nolqa portfolio. We invested $700K to support the company as it builds its next stage of growth.
What CorePower Magnetics does
CorePower Magnetics develops magnetic components and technologies for power electronics and energy applications. Its work addresses a foundational hardware layer behind systems that need to convert, manage and move electrical power efficiently.
Why we invested
We invested because electrification increases demand for better power electronics and the components that enable them. CorePower is working on a technically important part of that infrastructure, where improvements in performance and efficiency can have broad downstream effects.
What comes next
We will support CorePower as it advances its technology, expands commercial relationships and contributes to the next generation of power systems.
We are looking forward to working closely with the team and helping CorePower Magnetics build the next chapter of the business.