StocksMedium•28 September 2026•
1 min read
Amprius Technologies Secures $75M US Department of Defense Grant
Key Facts
1Amprius Technologies was awarded a grant of up to $75 million from the U.S. Department of Defense to retrofit production lines.
Amprius Technologies was awarded a grant of up to $75 million from the U.S. Department of Defense to retrofit battery production lines. Business Wire reported that the funding, provided through the DoD's IBAS program, is dedicated to establishing domestic manufacturing for high-energy density cells.
The company intends to shift production focus from electric vehicle batteries to specialized high-energy density cells for unmanned aerial systems (UAS). Shares of AMPX closed at $9.75 on September 25, 2026, as this non-dilutive funding provides the firm with revenue visibility and strategic alignment with national defense needs.