Ideal Power Raises $12.6M, Secures Lazzen, Asian Module and Stellantis Deals
Ideal Power signed strategic agreements with Lazzen and an Asian module maker, plus launched EV contactor development with Stellantis under its B-TRAN® roadmap. The company raised $12.6 million, ended 2025 with $6.1 million cash, and reported Q4 net loss of $1.9 million and full-year net loss of $10.6 million.
1. Key Financial Results
The company reported a Q4 net loss of $1.9 million, improving from $2.6 million year-over-year, and a full-year net loss of $10.6 million, roughly unchanged from 2024. Operating expenses fell to $1.9 million in Q4 driven by lower stock-based compensation and personnel costs.
2. Strategic Partnerships
Ideal Power signed a multi-year cooperation with Lazzen for B-TRAN®-enabled circuit protection products and executed a Letter of Intent with an Asian power module manufacturer. It also engaged with Stellantis on EV contactor development and anticipates completing existing custom development orders by mid-2026.
3. Intellectual Property Portfolio
The B-TRAN® patent estate expanded to 100 issued patents, including 48 outside the U.S., with 78 applications pending across North America, Europe and key Asian markets. This robust coverage supports the company's commercialization strategy in data centers, renewable energy and EV infrastructure.
4. Funding and Cash Position
The company raised $12.6 million in net proceeds from a February equity offering led by institutional investors and insiders, and ended 2025 with $6.1 million in cash and equivalents. No long-term debt was outstanding as of December 31, 2025.