SES AI Corp (NYSE: SES) is an advanced battery technology company that develops and manufactures lithium-metal and lithium-ion battery cells, energy storage systems, and battery materials, powered by its AI-based Molecular Universe platform. Revenue is generated through hardware and software sales across energy storage systems, battery materials, drone and UAV applications, and subscription-based access to the Molecular Universe AI4Science platform. As of December 31, 2025, the company employed approximately 215 full-time employees across the United States, China, South Korea, and Singapore, with roughly 68% engaged in research and development. In September 2025, SES AI acquired UZ Energy, a China-based battery energy storage system manufacturer, for aggregate consideration of approximately RMB 183.5 million ($25.8 million), adding manufacturing capacity in the ESS market. The company is pre-commercial scale, with product designs not yet finalized as of the FY2025 10-K filing. SES AI also established a joint venture with Hisun New Energy Materials Ltd. Co. to manufacture newly discovered battery materials at commercial scale, with supply expected to begin in the second half of 2026.

Revenue model

SES AI generates revenue through four streams: sale of fully integrated ESS hardware and software solutions, sale of battery materials manufactured via the Hisun joint venture, sale of Li-Metal and Li-ion battery cells for drones and related applications, and subscription-based licensing of the Molecular Universe AI4Science platform via cloud or on-premises deployment.

Products and services

Products include: Energy Storage Systems (ESS) with integrated battery health and safety management software; Li-Metal and Li-ion battery cells for drones, UAM, robotics, and EV applications; advanced battery materials discovered and manufactured through Molecular Universe; and the Molecular Universe AI4Science platform offered as a cloud or on-premises subscription tool for battery research and materials discovery.

Customers and end markets

End markets include grid-scale energy storage, digital infrastructure and data center power, drone and UAV operators, urban air mobility, robotics, and EV applications. The Molecular Universe platform targets battery professionals in consumer electronics, drone, ESS, and EV research. Customer concentration data is not disclosed in the filing excerpts.

Value-chain role

SES AI occupies a vertically integrated role spanning AI-driven materials discovery, battery cell manufacturing, and system-level hardware and software integration. The company sources raw materials and components from third-party suppliers for cell manufacturing and operates manufacturing lines in China and South Korea. It also licenses its AI platform directly to third-party battery researchers.

Geographic exposure

Operations span the United States, China, South Korea, and Singapore as of December 31, 2025. Approximately 35% of employees are in the United States; the remainder are in China, South Korea, and Singapore, where manufacturing lines are operated. UZ Energy, acquired September 2025, is China-based.

Source: SEC 10-K, filed 2026-03-04

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