Overview
SES AI develops Lithium Metal batteries for electric transportation, including cars and aircraft, serving automotive manufacturers, aerospace players, and other industries needing high-performance power. Its Li Metal cells deliver higher energy density and longer range than traditional lithium-ion cells by using advanced chemistry, with revenue from battery sales, partnerships, and licensing. The company uses state-of-the-art testing bunkers and publishes data reports to share progress on materials, engineering, and manufacturing quality. Its goal is to help accelerate electric transportation by offering higher-energy-density batteries through direct sales, collaborations, and licensing agreements.
About SES AI
Industries
Automotive & Transportation
Industrial & Manufacturing
Energy
Aerospace
Company Size
51-200
Company Stage
IPO
Headquarters
Woburn, Massachusetts
Founded
2012
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Simplify's Take
What believers are saying
- Q2 2026 revenue grew 40%, and management reaffirmed $30 million-$35 million guidance.
- SES expects Korea capacity to reach 1 million drone cells annually by Q4 2026.
- ATG EPower distribution and UZ Energy ESS demand now drive revenue growth.
What critics are saying
- A March 4, 2026 securities class action alleges inflated prospects and fake revenue.
- Q2 revenue still depends on a tiny customer base; any slippage misses guidance fast.
- If drone orders stall, SES burns cash without scale, risking dilution or bankruptcy.
What makes SES AI unique
- SES AI’s Chungju, South Korea line produces NDAA-compliant drone cells for defense customers.
- Molecular Universe 3.0 sells AI-driven materials discovery alongside batteries and subscriptions.
- 2026 pivot to ESS and drones leverages existing lithium-metal manufacturing know-how.
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Funding
Total Funding
$873.4M
Above
Industry Average
Funded Over
9 Rounds
Benefits
Health Insurance
Dental Insurance
Life Insurance
401(k) Company Match
Paid Holidays
Paid Vacation
Employee Assistance Program
Stock Price
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 1%SES AI reported second-quarter 2026 results, with revenue growing over 40% compared to the same period last year. The battery technology company's gross margin improved from 18% to more than 22%, driven by what it described as differentiated technology and a robust supply chain. The company reaffirmed its 2026 revenue guidance of $30 million to $35 million. Founder and Chief Executive Officer Qichao Hu said the company has shifted focus from electric vehicles to energy storage systems and drone applications over the past year. Hu stated that SES AI is working to address challenges in energy storage by using artificial intelligence for materials development and building manufacturing supply chains. He described the second quarter as marking "significant commercial milestones" for the company.
SES AI reported second-quarter revenue of $5.1 million, up more than 40% year-over-year, whilst reaffirming full-year guidance of $30 million to $35 million. The company's gross margin improved to 22.6% from 18.1% in the first quarter, though net loss widened to $17.8 million. The battery developer expects its Korea facility to reach annualised production of 1 million NDAA-compliant drone cells in the fourth quarter. SES signed an agreement to develop battery packs for Doroni's H1-X eVTOL aircraft. Energy storage systems represented more than 70% of first-half revenue. The company is expanding into AI-driven materials discovery through its Molecular Universe 3.0 platform and sees potential growth in data-centre energy storage applications.
SES AI Corporation saw its price target raised by Deutsche Bank from $1.30 to $1.40, with the firm maintaining a Hold rating. The adjustment followed the company's Q1 2026 earnings call, where SES reported revenue of $6.7 million. During the call, analysts questioned management about a $20 million distribution agreement with ATGE Power and the company's fiscal year revenue guidance of $30 million to $35 million. SES confirmed that Energy Storage Systems will be the primary revenue contributor, ahead of drones and materials. Founded in 2012 and headquartered in Massachusetts, SES develops AI-enhanced lithium-metal batteries for electric vehicles, energy storage systems and urban air mobility applications.
SES AI Corporation has raised its revenue 929% over the past year to $21 million, prompting Cantor Fitzgerald analyst Derek Soderberg to reiterate his Overweight rating and $4 price target. The battery technology company reported Q1 FY2026 revenue of $6.7 million, up 47% quarter-on-quarter, driven by its Energy Storage Systems segment. The company posted a non-GAAP loss of $0.03 per share, meeting analyst expectations. SES recently secured a three-year distribution agreement with ATG EPower worth approximately $20 million for North American energy storage products. Soderberg highlighted growing interest in SES's AI-powered Molecular Universe unit, which discovers new battery materials. About six customers have progressed to second-phase testing of MU-discovered materials, signalling commercial traction beyond core operations.
SES AI Corporation has announced a CFO transition, with Jing Nealis stepping down on 27 April 2026 and Yi "Ray" Liu taking over. CEO Qichao Hu credited Nealis for her contributions during the company's shift from development to revenue generation across three business units. The company reported strong momentum in its energy storage systems business, with first-quarter results expected to exceed expectations driven by UZ Energy execution and commercial energy storage demand. SES AI reaffirmed its 2026 revenue guidance of $30 million to $35 million, with contributions from energy storage systems, drones and advanced materials. The company develops AI-enhanced lithium metal and lithium-ion battery technologies for various applications and continues focusing on financial discipline and its capex-light business model.
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About SES AI
Industries
Automotive & Transportation
Industrial & Manufacturing
Energy
Aerospace
Company Size
51-200
Company Stage
IPO
Headquarters
Woburn, Massachusetts
Founded
2012
SES AI is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today