EGI Battery Inc. in Ann Arbor, an advanced battery technology and manufacturing company, today announced the successful close of a $10 million seed financing round led by TSV Capital and supported by several U.S. family offices.
The new capital will accelerate the company’s manufacturing scale-up, commercial expansion, and continued development of high-performance batteries for aerospace, uncrewed aerial systems (UAS), robotics, and critical infrastructure applications.
“We are thrilled to welcome TSV Capital and our new family office partners as investors in EGI Battery,” says Tom McGuckin, founder and CEO of 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.”
The seed round will fund:
- EGI’s Zeeb Campus expansion and operational readiness for manufacturing.
- Continued engineering and product development for commercial battery clients and qualified government battery design programs.
- Strengthening domestic supply chain partnerships and progressing toward NDAA compliance with transparency into a non-China material supply chain.
EGI is executing a U.S.-based industrialization roadmap centered on scalable production, a secure domestic supply chain, and quality standards, including ISO 9001 and AS9100 certification targets.
Through development of its production workflows at the Zeeb manufacturing campus, EGI is targeting at least 95 percent NDAA-compliant materials by cost in 2028.
“EGI represents exactly the kind of founder-led, technically rigorous company we look to back at TSVC,” says Eugene Zhang, founding partner at TSV Capital. “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.”
For more information, visit: egibattery.com.
