lika raises £4.56m to commercialise solid-state batteries technology

Lika has raised £4.56m to commercialise its solid-state batteries technology.

The company, which has its headquarters in the UK, is focused on the development and commercialisation of solid-state battery technology.

The funding round was led by a new investor, with participation from existing shareholders.

Lika plans to use the funds to scale up its manufacturing capabilities, accelerate product development, and expand its team.

The company's solid-state batteries are said to offer significant advantages over traditional lithium-ion batteries, including higher energy density, improved safety, and longer lifespan.

Lika aims to be a leading supplier of solid-state batteries to the automotive, consumer electronics, and energy storage markets.