We are delighted to announce that the Parkwalk Opportunities EIS Fund has participated in a £6.3m funding round in Ilika, an AIM listed company which specialises in materials innovation. The company has developed unique solid state battery technology which may have applications across the Internet of Things (IoT).
Ilika spun out of the University of Southampton’s School of Chemistry in 2004 and quickly established a reputation for the rapid development of novel materials, working with a variety of international companies.
Ilika has a wealth of experience in materials and in working with industrial partners. The company’s novel solid-state battery technology is now close to commercialisation in a market which is large and growing rapidly.