Record Revenue Growth
Amprius Technologies generated revenue of $11.3 million in Q1, a 6% increase from Q4 of last year and up 383% from the same period last year. This strong growth was primarily driven by a greater than 600% increase in Cycle shipments.
Significant New Customer Acquisition
Amprius Technologies shipped to 102 customers in Q1, with 46 new to the platform, indicating strong market adoption and customer diversification.
Technological Advancements
Introduction of new cell chemistries, including a 370 watt-hour per kilogram high power pouch cell and a 6,300 milliamp-hour cylindrical cell. The new high energy and high power cell set a performance record with a 370 watt-hour per kilogram energy density and a 15C charge rate.
International Revenue Expansion
83% of Q1 revenue came from outside the United States, up from 65% in the prior year period, showing global expansion.
New Leadership
Tom Steading joined as President, bringing over 35 years of leadership experience in energy and manufacturing businesses.