Re:Build Secures $2.1 Billion in Funding to Expand U.S. Manufacturing
Key Facts
Re:Build announced on October 27, 2026, that it had secured $2.1 billion in new funding, saying the move would accelerate the reshoring of manufacturing in the United States and expand its capacity to produce advanced technologies and launch industrial startups. The funding was led by General Catalyst and JPMorganChase’s Strategic Investment Group, which makes direct investments under the bank’s Security and Resiliency Initiative. The company said the funds would support manufacturing expansion and the launch of new companies, while also supporting U.S. manufacturing jobs. The announcement gives the company new funding equivalent to more than half of what its founding team has raised in total to date. Re:Build said the founding team had raised more than $4 billion as of the announcement.
The company plans to direct the funding to aerospace and defense, electrification, medical, energy and environmental, and robotics and automation sectors. The plan includes increasing its capacity to manufacture advanced technology products, which the company says will help launch industrial startups as production expands. The approach links building production capacity with broadening the supplier base and industrial activity in the United States. Todd Combs, head of JPMorganChase’s Strategic Investment Group, said Re:Build “plays an important role in strengthening America’s advanced manufacturing base and industrial resilience.” He added that its work on critical supply chains supports the bank’s Security and Resiliency Initiative.
Founded in 2020, Re:Build has worked directly with industrial companies and innovators from the earliest stages of product design. The company uses a proprietary design process that it says accelerates the path to large-scale production and lowers its cost compared with traditional methods. This gives it a role spanning product development through manufacturing expansion, tied to the stated funding goal of launching new industrial companies. Its ecosystem employs more than 2,100 people in the United States, according to the company. It also includes more than 2.4 million square feet of advanced manufacturing capacity, providing an existing base for expanding the targeted activities.
The funding is part of JPMorganChase’s Security and Resiliency Initiative, a 10-year plan to direct financing and investment to industries linked to economic security and resilience. JPMorganChase says the initiative includes an initial $10 billion in direct investments. In its first year, through October 19, 2026, the initiative financed and facilitated more than $230 billion in transactions, while the Strategic Investment Group allocated $5 billion for direct investments. The group’s investment in Re:Build places the company’s financing within a broader program focused on sectors the initiative considers tied to industrial resilience and supply chains. General Catalyst began investing in Re:Build in 2024, and its chief executive said the firm was deepening its partnership with the company.
Re:Build’s announced expansions during 2026 included specific manufacturing projects in the United States. On October 6, the company announced an investment of nearly $20 million to establish a 130,000-square-foot advanced manufacturing facility in Rock Hill, saying the project would create 150 jobs by 2028. In July, it launched lithium-ion batteries assembled in the United States for unmanned aircraft, linking the product to a facility in New Kensington as part of an $81 million investment. The company said the facility’s expansion could create up to 300 advanced manufacturing jobs. These projects offer examples of the company’s production expansion across facilities and products, alongside the sectors it said the new funding would support.
JPMorganChase shares closed at $334.04 on October 26 and then at $336.18 on October 27, 2026, according to EL7 data. The second close came a day after the first, alongside Re:Build’s funding announcement. The announcement did not detail the deal’s effect on the bank’s earnings or financial return. Combs said the company’s focus on critical supply chains supports the bank’s initiative, while the funding was presented as support for expanding Re:Build’s industrial capacity. The company’s statement included no specific forecast for the deal’s effect on JPMorganChase shares.
Re:Build said it expects to create tens of thousands of jobs in the United States over the next decade through reshoring manufacturing. The estimate covers the next 10 years, while the company’s announced projects specified expected jobs by 2028 in Rock Hill and up to 300 jobs as the New Kensington facility expands. The company ties its broader forecast to expanding manufacturing in the United States. It also said the new funding would increase its capacity to manufacture advanced technology products and launch industrial startups. These goals are part of its plan to expand its presence across the industrial sectors listed in its funding announcement.