Amprius Technologies has secured over $20 million in contracts to supply LEV applications with 40 Ah high-performance cells.
The company expects to begin shipping the cells in 2024 and recognize 100% of the revenue by mid-2025.
The 40 Ah high-performance cells, engineered by Amprius, were selected due to their safety features, higher energy density, and competitive costs. These larger format cells are specifically built for LEV application, as customers are drawn to the advantages of the company’s leading cell performance paving the way for the evolution of electric mobility, driving manned and unmanned applications in aviation, aerospace, defense, and robotics to the next level.
CEO of Amprius Technologies, Dr. Kang Sun said, “This is another strong customer commitment following our recent 2 GWh potential LOI with a Fortune 500 company. The attraction of Amprius battery performance enables us to accelerate the customer commercial validation process of our growing sales pipeline,” said Dr. Kang Sun, CEO of Amprius Technologies.”
Dr. Kang Sun elaborated further, “With over 500 MWh of capacity currently available, we can quickly meet increasing demand for Amprius high-performance silicon anode batteries in light electric vehicles and aviation. This is just the beginning, and we expect this momentum to drive significant business growth, with more purchase orders on the horizon to support the expanding demand in electric mobility applications.”
