Ideal Power Advances B-TRAN Commercialization with Stellantis Order and New Partnerships.

Ideal Power Inc. reported a Q2 operating loss of $3.1 million, up from $2.9 million YoY, and a net loss of $3 million, widening from $2.7 million YoY. The company secured a Stellantis order for custom devices targeting multiple EV applications and began collaborating with four and five global Tier 1 automotive suppliers. Ideal Power also signed a distribution partnership with Kaimei Electronic Corp to expand its reach in Asia.

Ideal Power Inc. (NASDAQ: IPWR), a developer of B-TRAN® bidirectional semiconductor power switches, reported its Q2 2025 financial results, showing a net loss of $3.0 million, up from $2.7 million in the same period last year. Operating expenses reached $3.1 million, a $200,000 increase from Q2 2024, primarily driven by research and development (R&D) investments. The company's cash position remained stable at $11.1 million, with no long-term debt [1].

Despite the financial setbacks, Ideal Power has made significant strides in commercializing its B-TRAN® technology. The company's first design win customer is finalizing prototype testing of B-TRAN®-enabled solid-state circuit breakers, with a product launch expected later this year. This represents a crucial milestone for the company, as it transitions from a pure R&D entity to one generating product revenue [1].

In the automotive sector, Ideal Power secured a strategic relationship with Stellantis, which has approved a purchase order for custom development and packaged B-TRAN® devices for multiple electric vehicle (EV) applications. Additionally, the company has begun collaborating with four and five global Tier 1 automotive suppliers, further expanding its reach in the industry [1].

To bolster its presence in the Asian market, Ideal Power signed a distribution partnership with Kaimei Electronic Corp. This partnership addresses the world's largest power electronics market, where adoption of new technologies typically occurs faster than in Western markets [1].

For investors, the key metrics to watch in the coming quarters will be the successful commercial launch with the first design win customer, the conversion of automotive evaluations to firm orders, particularly the Stellantis relationship, and the pace of cash burn relative to revenue generation.

References:
[1] https://www.stocktitan.net/news/IPWR/ideal-power-reports-second-quarter-2025-financial-0oalpbh54jat.html