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CorePower Magnetics

Pittsburgh, US · Founded 2020 · Delaware corporation · 1 known investors

Find your way into CorePower Magnetics

634 people in our graph share verified history with the CorePower Magnetics team — schools, employers, funds. One of them is your warm intro.

Javier Solterounlockedknows Paul Ohodnicki · together at Carnegie Mellon University (overlapped)
×8knows the team · via Carnegie Mellon University
knows the team · via Springer
×2knows the team · via University of Pittsburgh

Delivers state-of-the-art magnetics to enable power electronics components that are 90% smaller and 50% more efficient

Advanced ManufacturingEnergyHardwareNew Materials

Founders & leadership

CorePower Magnetics was founded in 2020 by Samuel Kernion and Paul Ohodnicki.

SK
Samuel KernionPRESIDENT
POPaul Ohodnicki
Paul OhodnickiinCo-founder · Chief Technology OfficerPaul Ohodnicki leads research in power magnetics and sensing at the University of Pittsburgh while serving as Chief Technology Officer of CorePower Magnetics, which develops advanced soft magnetics technologies for power electronics applications. His background spans academic and government laboratory R&D, industrial product development, and federal project management.

Board

RS
Reed SturtevantBoard director
CR
Carmichael RobertsBoard director

Investors · 1

Evergreen Climate InnovationsChicago

Reported raises · per SEC filings

Form D private placements

$16.7M disclosed across 2 of 3 rounds · 2022–2026

▶$14.4MraisedSep 2026 · 7 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Sam KernionExecutive Officer, Director
  • Paul OhodnickiExecutive Officer, Director, Promoter
  • Reed SturtevantDirector
  • Carmichael RobertsDirector
Offering amount
$14.6M
Amount sold
$14.4M
Proceeds to insiders
$550K
First sale
Aug 2026
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.4MraisedAug 2022 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Samuel KernionExecutive Officer
Offering amount
$2.4M
Amount sold
$2.4M
Minimum investment
$250K
First sale
Aug 2022
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Magnetics15 shared keywordsIndustrial Magnetics manufactures and supplies magnetic separation equipment and industrial magnet systems for powder and bulk solids processing, material handling, and pneumatic conveying applications across manufacturing and processing industries.

Companies competing with CorePower Magnetics for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 5 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2022$1.5M
Department of EnergyPhase ISTTR2022$199.8K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase ISTTR2021$224.6K
Department of EnergyPhase I2021$199.9K
U.S. Air ForceAir ForcePhase I2021$49.7K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

CorePower Magnetics raises $14.3M for EV techtechnical.ly · Sep 2026CorePower Magnetics Awarded DOE Funding for Innovative Rare Earth-Free Electric Motor Developmentcorepowermagnetics.com · Oct 2024CorePower Magnetics receives over $1M backed in large part by DoE - Pittsburgh Business Timesbizjournals.com · Sep 2024CorePower Magnetics awarded $20M to build advanced manufacturing facility - Pittsburgh Business Timesbizjournals.com · Nov 2023CorePower Magnetics pulled a $5M grant from the US Department of Energytechnical.ly · Nov 2022CorePower Magnetics raised $2.5M to hire and further its energy tech - Technical.lytechnical.ly · Sep 2022Pittsburgh-based Startup CorePower Magnetics Receives Funding to Scale Up Revolutionary Magneticscorepowermagnetics.com · Sep 2022

Frequently asked questions

What does CorePower Magnetics do?
Delivers state-of-the-art magnetics to enable power electronics components that are 90% smaller and 50% more efficient
Who founded CorePower Magnetics?
CorePower Magnetics was founded by Samuel Kernion, Paul Ohodnicki in 2020.
Who are CorePower Magnetics's investors?
CorePower Magnetics's investors include Evergreen Climate Innovations.
How much funding has CorePower Magnetics raised?
CorePower Magnetics has disclosed $16.7M raised across 2 of its 3 known rounds.
Where is CorePower Magnetics headquartered?
CorePower Magnetics is headquartered in Pittsburgh, US.