Financial FlexibilityAspen completed financing with MidCap Financial which provides financial flexibility, removes convert overhang, and structures financing to fit with potential DOE loan to fund the company's Georgia plant.
Market OpportunityAspen's aerogel materials are compatible with ~80% of EV battery architectures that opt for pouch/prismatic battery cell designs — presenting a lucrative market opportunity as OEMs transition to EVs.
Strategic PartnershipsGM's expansion of battery chemistries, including the use of PyroThin for all types, supports the strategic importance of ASPN's products.