Partnership with BMW
Solid Power announced a significant achievement in their partnership with BMW, with the introduction of the i7 test vehicle powered by Solid Power's cells and solid-state battery technology.
Factory Acceptance Testing Completion
Completed factory acceptance testing of the SK On pilot line, a key milestone under the line installation agreement, supporting the development of solid-state cells.
Revenue Growth
Generated revenue of $7.5 million in Q2 2025, up from $6 million in Q1 2025, bringing year-to-date revenue to $13.5 million.
Reimbursements from U.S. Department of Energy
Received $3.3 million in reimbursements under the agreement with the U.S. Department of Energy for the electrolyte development project.
Strong Liquidity Position
Ended the quarter with total liquidity of $279.8 million as of June 30, 2025.