Retail investors back Ilika's battery strategy in oversubscribed offer Podcast By cover art

Retail investors back Ilika's battery strategy in oversubscribed offer

Retail investors back Ilika's battery strategy in oversubscribed offer

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 Ilika Plc CEO Graeme Purdy talked with Proactive's Stephen about the company’s fundraising success and how the proceeds will be allocated across its core battery technologies. The company recently closed a funding round with strong interest from both institutional and retail investors. The company raised £0.9 million through an oversubscribed retail share offer, on top of £3.3 million raised from institutional investors. "Retail investors are really important to Ilika. They make up a substantial part of our investor base," said Purdy, highlighting Ilika’s commitment to offering equitable investment opportunities. The raised funds will be split approximately one-third toward Ilika’s Stereax batteries, designed for miniature medical devices and specialist Internet of Things applications, and two-thirds toward its Goliath batteries, which are aimed at electric vehicles and consumer appliances. On the Stereax side, Purdy said the funds will support a tech transfer process to US-based Cirtec Medical, along with customer validation and testing. For Goliath, the company is progressing through a prototype design and build phase, with upcoming releases of the P1.5 10-amp prototypes targeted for later this summer. Purdy noted that part of the new capital will go toward acquiring advanced testing equipment, enabling Ilika to collect necessary battery performance data as it approaches market readiness. Watch the full video to hear how Ilika plans to support customers in both battery lines and drive adoption across key sectors. For more interviews like this, visit Proactive’s YouTube channel. Don’t forget to like, subscribe, and enable notifications so you never miss an update. #Ilika #SolidStateBatteries #BatteryTech #EVBatteries #MedicalDevices #Stereax #GoliathBattery #TechInvestment #EnergyStorage #ProactiveInvestors #CleanEnergy
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