IKA: Stereax and Goliath batteries progressed to commercialisation, supported by a £5m equity raise
Commercialisation advanced for both Stereax and Goliath battery lines, with Stereax generating initial revenues and Goliath 10Ah prototypes validated for defence and e-bike use. Losses widened due to higher R&D and production costs, but a £5m equity raise post-period strengthens the balance sheet.O…