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SES AI Corporation (NYSE: SES) develops artificial intelligence platforms for advanced battery materials and battery management systems. The company utilizes machine learning to facilitate the discovery of electrolyte chemistries and improve manufacturing quality control and in-field safety. Its products cater to applications in urban air mobility, electric vehicles, drones, robotics, and portable energy storage.
Corporate Structure and Governance
SES AI Corporation is incorporated in the United States and trades under the ticker SES on the New York Stock Exchange. The company’s filings with the U.S. Securities and Exchange Commission include:
- An 8-K report (Item 5.07) filed on October 3, 2025, which discloses a significant event related to its financial reporting;
- A definitive proxy statement (Form DEF 14A) filed on September 9, 2025;
- An annual report to security holders (ARS) dated September 9, 2025.
These filings reflect compliance with SEC regulations and provide transparency regarding governance, material events, and executive oversight.
AI Battery Technology by blocks
Recent Developments and News
On October 10, 2025, SES AI shares closed at $3.4970, an increase of 17.35% from the previous session, with a trading volume of approximately 9.4 million shares. The stock reached a 52-week high of $3.56 earlier on the same day.
On October 20, 2025, the company plans to conduct a live demonstration of “MU-1,” its next-generation AI agent for materials discovery. MU-1 aims to shorten battery material development cycles through an integrated interface that encompasses literature research, molecule and formulation searches, and cell performance prediction.
Financial and Strategic Analysis
For the twelve months ending June 30, 2025, SES AI reported revenues of $11.36 million and a net loss of $99.81 million (EPS –0.33). As of the most recent reporting period, total cash was reported at $228.88 million, with minimal debt (debt/equity ratio of 3.7%), while the levered free cash flow was negative $38.7 million. Key valuation and profitability metrics include:
- Price/Sales ratio of 50.40 and Price/Book ratio of 2.56;
- Enterprise Value/Revenue of 36.86;
- Return on Assets of –20.80% and Return on Equity of –34.37%.
Strategically, SES AI’s AI-enhanced Li-Metal and Li-ion batteries are notable for being the first batteries to integrate electrolytes derived from proprietary machine-learning models. The “Avatar” suite incorporates computer vision and predictive analytics for manufacturing and field safety oversight. The Molecular Universe platform supports ongoing research and development collaborations focusing on next-generation chemistries.
Market Position and Industry Context
SES AI operates at the intersection of AI software and battery technology, addressing a market forecasted to exceed $100 billion annually in energy storage devices by 2030. The company’s beta of 0.51 suggests lower volatility compared to the broader market. As of October 10, 2025, SES AI has a market capitalization approaching $1.28 billion. Its integration of AI-driven materials discovery positions it distinctively within the evolving energy transition landscape.
TL;DR
On October 10, 2025, SES AI’s share price increased by 17.35% to $3.4970, reaching a new 52-week high of $3.56 with a trading volume of over 9 million shares. The company filed an SEC Form 8-K on October 3, 2025, and will hold a live MU-1 demonstration on October 20, 2025, demonstrating its AI-powered materials discovery platform.
