About SES Technologies
SES Technologies is a company based in Woburn (United States) founded in 2012.. SES Technologies has raised $375.14 million across 11 funding rounds from investors including Kia, Hyundai Motor Company and Applied Materials. The company has 250 employees as of December 31, 2024. SES Technologies has completed 1 acquisition, including Uzenergy. SES Technologies offers products and services including EV Batteries, UAM Batteries, Drone Batteries, Molecular Universe, and Avatar. SES Technologies operates in a competitive market with competitors including Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
- Headquarter Woburn, United States
- Employees 250 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ses Ai Corporation
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Annual Revenue
$2.04 M0as on Dec 31, 2024
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Net Profit
$-100.19 M-87.61as on Dec 31, 2024
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EBITDA
$-100.94 M-39as on Dec 31, 2024
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Total Equity Funding
$375.14 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Kia
& 9 more
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Employee Count
250
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of SES Technologies
SES Technologies is a publicly listed company on the NYSE with ticker symbol SES in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of SES Technologies
SES Technologies offers a comprehensive portfolio of products and services, including EV Batteries, UAM Batteries, Drone Batteries, Molecular Universe, and Avatar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Batteries designed for electric vehicles to enhance range and efficiency
Batteries for urban air mobility to support lightweight and safe operations
Compact batteries for drones to improve payload and flight duration
AI platform for accelerating material discovery in battery tech
AI system for battery safety and defect detection in manufacturing
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Funding Insights of SES Technologies
SES Technologies has successfully raised a total of $375.14M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(02 Feb 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Grant - SES Technologies | Valuation |
investors |
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| Jul, 2021 | Amount | Series D - SES Technologies | Valuation | Hyundai Motor Company | |
| Apr, 2021 | Amount | Series D - SES Technologies | Valuation | General Motors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SES Technologies
SES Technologies has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Kia, Hyundai Motor Company and Applied Materials. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A South Korean conglomerate, SK Inc. is engaged in advanced materials, biotechnology, and digital solutions.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in tech and life sciences sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SES Technologies
SES Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Uzenergy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Energy storage systems are provided for residential and industrial use.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SES Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ses Technologies Comparisons
Competitors of SES Technologies
SES Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| domain | founded_year | HQ Location |
Lithium battery systems for electric vehicles and gadgets are manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Rapid-charging technology for electric vehicles is developed and scaled.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ses Technologies
Frequently Asked Questions about SES Technologies
When was SES Technologies founded?
SES Technologies was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is SES Technologies located?
SES Technologies is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Is SES Technologies a funded company?
SES Technologies is a funded company, having raised a total of $375.14M across 11 funding rounds to date. The company's 1st funding round was a Series D of $139M, raised on Feb 02, 2015.
How many employees does SES Technologies have?
As of Dec 31, 2024, the latest employee count at SES Technologies is 250.
What is the annual revenue of SES Technologies?
Annual revenue of SES Technologies is $2.04M as on Dec 31, 2024.
What does SES Technologies do?
SES Technologies was founded in 2012 in Woburn, United States, within the energy storage sector. Lithium-ion battery solutions are developed, focusing on Li-Metal materials, cells, modules, and recycling processes. AI algorithms are created to enhance battery safety and charging efficiency. Configurations such as single-cell, double-cell, three-cell, and large-capacity batteries are manufactured for various applications.
Who are the top competitors of SES Technologies?
SES Technologies's top competitors include Microvast, Solid Power and Exponent Energy.
What products or services does SES Technologies offer?
SES Technologies offers EV Batteries, UAM Batteries, Drone Batteries, Molecular Universe, and Avatar.
Is SES Technologies publicly traded?
Yes, SES Technologies is publicly traded on NYSE under the ticker symbol SES.
How many acquisitions has SES Technologies made?
SES Technologies has made 1 acquisition, including Uzenergy.
Who are SES Technologies's investors?
SES Technologies has 10 investors. Key investors include Kia, Hyundai Motor Company, Applied Materials, Temasek, and General Motors.
What is SES Technologies's ticker symbol?
The ticker symbol of SES Technologies is SES on NYSE.