SES AI to acquire UZ Energy for ~$25.5M; prelim Q2 rev $3.5M, affirms guidance

SES AI Corp

Acquires UZ Energy for ~$25.5M (cash + earnout); expects closing in Q3 2025.
UZ Energy: ESS provider with 500+ MWh deployed in 60+ countries, zero incidents.
Prelim Q2 revenue $3.5M; H1 total $9.3M; gross margin 74%; ops cash burn $10.8M (-51% YoY).
Liquidity $229M, no debt; affirms FY2025 revenue guidance of $15–25M.
Acquisition launches SES into $300B+ ESS market, targeting AI data center growth.

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