Ideal Power Lands Stellantis EV Order, Validates B-TRAN Technology for Automotive and Industrial Markets.

Ideal Power has reported Q2 2025 results, reaffirming its near-term transition to commercial revenue. The company completed third-party automotive prequalification reliability testing of its B-TRAN devices, exceeding key reliability thresholds. Ideal Power landed a Stellantis platform order for custom B-TRAN development and packaged devices, targeting multiple EV applications. The company also secured its first Asian design win with a major circuit breaker OEM. Cash burn totaled $2.5 million in Q2 2025, and Ideal Power held $11.1 million in cash as of June 30, 2025.

Ideal Power Inc. (Nasdaq: IPWR) has reported its second-quarter 2025 financial results, showcasing progress towards achieving commercial revenue. The company completed third-party automotive prequalification reliability testing of its B-TRAN devices, exceeding key reliability thresholds [1]. Ideal Power also landed a significant order from Stellantis for custom B-TRAN development and packaged devices targeting multiple electric vehicle (EV) applications. Additionally, the company secured its first Asian design win with a major circuit breaker OEM, further expanding its market reach.

In the second quarter of 2025, Ideal Power reported cash used in operating and investing activities of $2.5 million, compared to $2.2 million in the same period last year. The company held $11.1 million in cash as of June 30, 2025, indicating a strong liquidity position [1]. Operating expenses increased to $3.1 million, driven primarily by higher research and development spending, resulting in a net loss of $3.0 million for the quarter [1].

Key highlights from the quarter include the completion of third-party automotive prequalification reliability testing of B-TRAN devices, which exceeded key reliability thresholds. This achievement is a significant milestone for the company as it moves closer to commercialization. Ideal Power also secured a strategic order from Stellantis, a major automaker, for custom B-TRAN development and packaged devices targeting multiple EV applications. This order will enable multiple uses of B-TRAN across Stellantis' EV platforms, providing a substantial revenue growth opportunity [1].

Additionally, Ideal Power secured its first Asian design win with a major circuit breaker OEM. Asia is the world's largest market for power electronics, and Asian companies typically adopt new technologies faster than their European and U.S. counterparts. This win further expands Ideal Power's market reach and demonstrates the growing global acceptance of its innovative B-TRAN technology [1].

The company's strong financial position, coupled with significant milestones achieved in the second quarter, positions Ideal Power favorably for continued growth in the coming quarters. The company remains focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology, which offers substantial performance improvements over conventional power semiconductors [1].

References:
[1] https://www.marketscreener.com/news/ideal-power-reports-second-quarter-2025-financial-results-ce7c51d9db80f223