lika Plc

Ilika Plc is a pioneering firm in solid-state battery technology, developing innovative energy solutions that cater to the automotive and healthcare sectors, enhancing safety, efficiency, and sustainability. Founded in 2004 in Southampton, UK, Ilika Plc specializes in solid-state battery technologies. The company raised GBP 4. 4 million in PIPE funding from Parkwalk Advisors in August 2018, completing a total of 2 deals.

The CEO, Graeme Purdy, has led the company through its developmental milestones without noted pivots in business strategy. Ilika specializes in the development and manufacture of solid-state battery technologies, with two primary product lines: Goliath and Stereax. The Goliath solid-state cells are designed for use in electric vehicles, offering high energy density, rapid charge capabilities, long life cycles, and enhanced safety features, making them a viable alternative to traditional lithium-ion batteries. Meanwhile, the Stereax battery technology is engineered for miniature applications, particularly in next-generation active implanted medical devices and industrial IoT sensors.

These products address critical needs in the transportation and healthcare sectors, targeting markets that prioritize safety, efficiency, and environmental sustainability. Ilika's customers include automotive manufacturers, medical device companies, and industrial IoT enterprises, with its products marketed primarily in Europe and North America. Ilika reported a revenue of GBP 2,629,127. 90 in the most recent year, 2024, with an EBITDA of GBP -5,663,830.

20 for the same period. The revenue model is centered around the sale of solid-state battery products, typically transacted through direct business-to-business relationships, focusing on the automotive and healthcare industries. Ilika aims to enhance its product offerings and expand into new markets. Recent funding will be utilized to support the development of new battery technologies and solidify its position in existing markets.

The company is particularly focusing on scaling up production for Goliath and Stereax while exploring entry into new geographical areas to increase its market footprint.