About SES AI
SES AI specializes in developing advanced Lithium Metal (Li Metal) batteries for electric vehicles (EVs) used on land and in the air. These batteries provide higher energy density and longer range compared to traditional lithium-ion batteries. The company serves a variety of clients, including automotive and aerospace industries, by focusing on research and development, manufacturing, and licensing its battery technology. SES AI differentiates itself from competitors through its state-of-the-art testing facilities that ensure safe innovation and high-quality manufacturing. The company's goal is to support the global transition to sustainable energy solutions by providing high-performance battery options.
Woburn, MassachusettsHeadquarters
2012Year Founded
$581.1MTotal Funding
IPOCompany Stage
Automotive & Transportation, Energy, AerospaceIndustries
51-200Employees
Benefits
Health Insurance
Dental Insurance
Life Insurance
401(k) Company Match
Paid Holidays
Paid Vacation
Employee Assistance Program
Risks
Emerging solid-state batteries pose competition with higher energy density and safety.
Technical challenges in scaling up Li-Metal battery production may delay commercialization.
Dependence on major automotive partnerships poses risks if disruptions occur.
Differentiation
SES AI specializes in advanced Li-Metal batteries for electric vehicles and aerospace.
Their materials are compatible with existing Li-ion manufacturing, enabling cost-effective scalability.
SES AI's AI-driven safety software, Avatar, enhances battery health monitoring and reliability.
Upsides
Partnerships with Hyundai and Kia accelerate SES AI's path to commercial production.
New South Korea facility boosts manufacturing capabilities and strengthens ties with major OEMs.
AI-driven safety software sets new industry standards for Li-Metal battery safety and reliability.
Funding
Total raised$581.11 M
Latest valuation$695.00 M
StageIPO
SPAC IPO
1/31/2022$276
GROWTH EQUITY VC
6/30/2021$100
SERIES D
3/31/2021$139
$695.00 MSERIES C
10/31/2018$29
$144.50 MSERIES B
12/31/2015$12
$60.00 MEARLY VC
6/30/2015$4
$20.00 MSERIES A
8/31/2013$4
$22.50 M