![]() ![]() Funds from the transaction are expected to support the company through the construction of its gigawatt hour-scale manufacturing facility. The transaction will result in gross proceeds of approximately $87 million to Amprius. Through the leadership of Kang Sun, Amprius has created a world-class team that is producing and selling next-generation batteries today."ĭieter Zetsche, Vice Chairman and President of Kensington, further added, "Amprius batteries are truly revolutionary and will change the way people and products will move in the future." ![]() Justin Mirro, Chairman and Chief Executive Officer of Kensington, added: "We are excited to complete our business combination with Amprius, which enhances their business plan and will accelerate the adoption of electric mobility in the sky and on the ground. We are thankful for the Kensington team's support in reaching this important milestone and look forward to further advancing our mission of enabling the future of electric mobility." "This transaction provides Amprius with capital to use in scaling production capabilities to meet the significant demand for our transformational silicon nanowire anode technology. Kang Sun, Chief Executive Officer of Amprius. "Entering the public markets is an important milestone for Amprius, one we have been diligently working towards since our founding," said Dr. Amprius has several customers who are successfully using Amprius batteries today in aviation and defense applications. Amprius' batteries are uniquely positioned to address existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites as well as broad applications in electric transportation. Amprius' silicon nanowire anode technology enables batteries with a higher energy density, higher power density, and extreme fast charging capabilities over a wide range of operating temperatures, resulting in its batteries providing superior performance compared to conventional graphite lithium-ion batteries. has developed and, since 2018, been in commercial production of an ultra-high energy density lithium-ion battery for mobility applications, leveraging a disruptive silicon nanowire anode. ![]()
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