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FREMONT, Calif. - Amprius Technologies, Inc. (NYSE:AMPX), a battery manufacturer with a market capitalization of $776 million and impressive year-to-date returns of 130%, has been selected for the 2025 cohort of the Amazon Devices Climate Tech Accelerator, the company announced Monday. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt, positioning it well for future growth opportunities.
The program supports companies developing technologies that could help reduce the carbon footprint of Amazon’s devices and operations as part of Amazon’s commitment to reach net-zero carbon by 2040 through The Climate Pledge.
Amprius was chosen through a competitive process that prioritized climate impact and innovation potential. The company’s SiCore battery platform delivers up to 80% higher energy density than conventional lithium-ion batteries, enabling longer runtimes, faster charging, and lightweight design for more energy-efficient devices.
"Participating in the Amazon Devices Climate Tech Accelerator gives us a valuable opportunity to engage with Amazon’s technical and sustainability teams that are working on millions of devices worldwide," said Dr. Kang Sun, CEO of Amprius Technologies.
Juliette Devaney, Head of Amazon Devices Climate Tech Accelerator, stated, "We’re excited to welcome Amprius to the cohort and explore how their battery innovation can support our goals for sustainable product performance across Amazon Devices."
Amprius manufactures high-energy and high-power lithium-ion batteries with energy density ratings of up to 450 Wh/kg and 1,150 Wh/L. The company maintains its corporate headquarters, R&D lab, and a manufacturing facility in Fremont, California, and has secured over 1.8 GWh of contract manufacturing capacity to serve customer demand.
The selection highlights the role advanced batteries play in reducing carbon emissions across industries including light electric vehicles, aviation, and robotics, according to the company’s press release statement.
In other recent news, Amprius Technologies reported impressive financial results for the first quarter of 2025. The company posted a net loss of $9.4 million, or $0.08 per share, which was better than analysts’ expectations of a $0.0913 loss per share. Amprius also achieved a significant revenue milestone, reaching $11.3 million, which represents a 6% increase from the previous quarter and a remarkable 383% rise compared to the same period last year. Additionally, Amprius has entered into a contract manufacturing agreement with a South Korean battery producer to expand the production of its high-performance SiCore® cells. This strategic move is expected to enhance Amprius’s global supply chain and improve delivery efficiency. In governance news, Amprius shareholders approved the election of two directors and ratified BDO USA, P.C. as the company’s independent auditor for the fiscal year ending December 31, 2025. Furthermore, Amprius Technologies announced the addition of Tom Stanton as the new President, bringing over 35 years of leadership experience to the company. These developments indicate Amprius’s commitment to expanding its market presence and enhancing its competitive edge in the battery industry.
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