Ilika, a pioneering battery technology firm based in Southampton, has become a beacon of progress in the development of solid-state batteries, demonstrating remarkable financial and technological growth in the past half-year. Notably, their revenues soared by an astonishing 550% year-over-year, underscoring the company’s burgeoning role in this high-potential industry.
With a diverse portfolio that includes the small-scale Stereax cells and larger Goliath batteries, Ilika is not only expanding the frontier of battery technology but also scaling its commercial production. This progression has caught the eye of market analysts, with Berenberg Bank bestowing a ‘Buy’ rating and foreseeing a promising price target for Ilika’s shares.
Ilika’s strategic collaborations have been crucial to their expansion. They have garnered support through a substantive grant that bolsters their Goliath pilot production facilities. The Goliath batteries, designed for rugged use in electric vehicles and other consumer appliances, offer an alternative to traditional power sources, while the Stereax batteries focus on powering medical devices within healthcare settings.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.
