When developing next generation solid state battery technology it is important to focus equally on the technical performance of the cell and on ensuring the outcome is both manufacturable and affordable at scale. Only by achieving both outcomes can the end product be commercially viable.
With time to market so long in the world of automotive it seems sensible to also take advantage of opportunities with shorter and less costly points of entry. Ilika’s Goliath development program is built around these core principles, with consumer and automotive variants identified on the roadmap, and a simultaneous engineering approach to the development. Fortunately, as this year’s £24.7m, fundraise has shown, we have very supportive investors, ready to back Ilika’s approach and also leverage available supporting governmental funds.
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.