Editing DGI plc

{{Main
|Main image=DGI plc logo.png
|Main image=DGI plc logo.png
|Short description=Novel motor and energy storage business set to benefit from huge growth in demand for emissions reducing technologies
}}
{{Key information
|Risk/return=High
|Country of incorporation=United Kingdom
|Investor type=All
|Market=Public
}}
==Summary==
Path Investments has completed the reverse takeover of DG Innovate Limited (now renamed “DGI PLC”), an advanced research and development company focusing on novel electric motor technologies and energy storage solutions. Working with a range of partners, including major transport and energy companies, research bodies and the UK government, DGI PLC is currently moving to the commercialisation stage of its development, developing products with applications across a range of end uses.

£4.6 million raised to advance towards first significant product sales. DGI PLC will now be focused on the development and commercialisation of its technologies. Its strategy is to evolve from being an R&D business into a Tier 2 supplier and/or technology licensor to the electric mobility and energy storage industries. To fund this, £4.6 million has been raised via a share subscription and warrant exercises.

Enhanced Drive Technology - EDT. DGI PLC is developing multi-platform, ultra-high efficiency, compact, cost effective electric motors and electronics which have applications across a range of markets. The company has focused on developing electric drive systems which aim to deliver improved performance and range over existing technology by reducing energy losses and improving efficiency. Simulations have shown these can increase the range of a leading passenger EV by up to 25%, from the same battery pack.

Enhanced Battery Technology - EBT. DGI PLC is developing fully-recyclable, sodium-ion (Na-ion) batteries using anode active materials as a key enabling technology. The intention is to offer comparable or greater energy density to incumbent battery technologies (such as lithium and lead based) at a lower cost and with reduced environmental impact. A pilot scale pouch cell production line was recently built and will allow the manufacture of A5 size cells for testing.

DCF analysis shows significant upside if product sales ramp-up as planned. Our DCF analysis shows that DGI PLC’s business model looks to be potentially highly profitable. We see a significant scale up in product sales from 2025, with EBITDA margins in the mid-40 per cent level leading to strong cash flow. Discounting at a rate of 20% we derive a value to equity holders of £156.43 million. We initiate coverage of DGI PLC with a target price of 1.192p and a stance of Conviction Buy.

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