IKA Ilika

Ilika Announces £15m Growth Placing to Support Solid-State Battery Commercialisation

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that it has successfully completed a £15m equity placing to support its growth strategy.

Ilika is one of the few independent global experts in the design and manufacture of solid-state batteries. It launched its cm-scale Stereax technology for Industrial wireless sensors in 2016 and followed up with mm-scale micro-batteries for miniature medical devices in 2019. In response to demand from the automotive and consumer electronics sectors, with £5m grant support from the UK Government’s Faraday Battery Challenge Fund, it has extended its product roadmap to develop large-format Goliath pouch cells.

Ilika currently produces its Stereax batteries on a pilot line in Southampton, UK. It now intends to implement a partnering model with one or more 3rd party fabrication facilities (fabs) to produce Stereax at scale. This equity placing will be used to purchase manufacturing equipment which Ilika will install in its selected fab for it to be operated on demand. Ilika will continue to receive orders from its customers and, where appropriate, will outsource wafer production to the fab to allow it to fulfil larger orders.

The £15m equity funding has been provided by a combination of existing and new UK-based institutional shareholders.

Ilika’s CEO Graeme Purdy, stated, “This is an important milestone in Ilika’s development which provides the Company with an opportunity to address exciting global markets. We would like to thank both existing and new shareholders for their support and advice.”

EN
01/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Ilika

Hybridan Team ... (+2)
  • Hybridan Team
  • Jon Levinson

Friday Take Away: 27 June 2025

Friday Takeaway—delving a little deeper into UK small caps Friday Takeaway from UK Small Caps This will delve a little deeper on individual companies and focus on non-house stocks under £200m market capitalisation to raise awareness 27th June 2025 Alphabetically arranged Share prices and market capitalisations taken from Alpha Terminal from the current price on the day of publication. Top three shareholders are taken from the websit...

Hybridan Team
  • Hybridan Team

Hybridan Small Cap Feast: 01/05/2025

Our daily digest of news from UK Small Caps 1st May 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: None Delistings: None What’s baking in the oven? Potential** Initial Public Offerings: Media Speculation: 28 April 2025: Media r...

Hybridan Team ... (+2)
  • Hybridan Team
  • Jon Levinson

Hybridan Small Cap Feast: 06/03/2025

Our daily digest of news from UK Small Caps @HybridanLLP 6th March 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None Wh...

Hybridan Team
  • Hybridan Team

Hybridan Small Cap Feast: 22/01/2025

* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Eckoh Plc (ECK.L) left AIM on Tuesday 21st. What’s baking in the oven? Potential** Initial Public Offerings: Cardiogeni PLC has an...

Hybridan Team ... (+2)
  • Hybridan Team
  • Jon Levinson

Friday Take Away: 10 January 2025

Today, we look back at previous Friday Takeaway companies and look forward to results from them later this month CRDL Steaming up IKA Powering up NEXS Building up Cordel Group 7.13p £15.46m (CRDL.L) Financials: Y/E: June, report November/ Interims to December, report January Three Largest Shareholders: Aaron Hoye 11.80%, Nicholas Smith 11.80%, Rathbones 9.43% Value: Bigger Contracts / Interims to show Improvement / Net Cash c.£2m The Interims to December 2024 are to be reported in ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch