Ilika achieves key milestone in Goliath battery roadmap
Thin-form battery developer( ) , has reached its D4 development milestone, a critical step in its Goliath roadmap for solid-state battery technology. This signifies the finalisation of the design for their P1 prototype, a crucial advancement toward achieving their 2025 minimum viable product (MVP). The P1 Goliath prototype features a solid-state pouch cell with an NMC cathode and a silicon anode.
Achieving the D4 milestone means meeting key data targets, such as energy and power density, indicating progress towards reaching lithium-ion energy parity by year-end. This achievement enables the creation of P1 samples for sale to OEMs for testing. Ilika intends to manufacture and test pouch cells based on D4 before supplying fully characterised P1 cells to 15 customers in 2024, primarily automotive OEMs and Tier 1 suppliers.
Its roadmap continues advancing towards the D8 milestone by late 2024, marking the path to the MVP with P2 prototypes stackable to 30 layers.
View from Vox
Goliath is Ilika's Wh-level solid state battery technology for electric vehicles and cordless consumer electronics. These cells combine an oxide solid electrolyte and a silicon anode, providing substantial safety benefits throughout manufacturing, storage, and usage phases.
They can operate to higher temperatures than lithium ion, enabling a less complex battery management system and resulting in a higher cell to pack ratio, lighter vehicles, higher energy and power density, extended range and fast charging.
On the financial front, Ilika reported a total revenue of £0.8m in FY23, with its EBITDA loss improving to £7.0m in 2023 compared to £6.4m in 2022. As of April 30, 2023, Ilika holds £15.9m in cash, down from £23.4m in 2022.
Follow Ilika for more News and Updates:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.