SES AI Community

Highlights Reported $2.0 million in fourth quarter revenue; an accelerated revenue ramp is expected in 2025 Deepened partnerships with existing automotive OEMs with commercialization of AI for Science to develop new electrolyte materials for both Li-Metal and Li-ion batteries All in on AI strategy powered battery material discovery to an entirely new AI-enhanced 2170 cylindrical cell for emerging humanoid robotics applications and entry into Li-ion battery applications in EV Commercialization of AI for Safety led to the signing of an MOU to provide up to 100 MWh advanced Battery Energy Storage System (“BESS”) solution FY 2024 cash usage in operations and Capex was $78.3M, below previous guidance of $80M to $95M FY 2025 revenue projected to be in a range of $15M to $25M