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Ilika starts revenue with royalties from solid-state batteries as production and testing advance.

Company Fundamentals
29 Jul 2026
Proactive Investors
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Bullish
Ilika starts revenue with royalties from solid-state batteries as production and testing advance.

Ilika PLC has become a revenue-generating company, expecting initial royalties from its miniature solid-state Stereax batteries in the 2027 financial year. Production has begun with US partner Cirtec Medical, supplying samples for customer testing and initial deliveries. The company raised £5 million to accelerate battery programs and aims to validate prototypes for non-automotive markets while expanding its customer pipeline. Despite a wider EBITDA loss and reduced cash reserves, Ilika is advancing its larger Goliath battery technology, targeting cost and weight reductions for electric vehicles and exploring opportunities in defense and e-bikes amid cooling EV sales in major markets.

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