Britishvolt gigafactory gets lifeline bid from Scale Facilitation

Battery manufacturer Britishvolt's gigafactory has received a lifeline from Scale Facilitation Partners LLC and its indirectly wholly owned subsidiary Recharge Industries Pty Ltd following a competitive bidding process, administrator EY said.

The majority of the business and assets of Britishvolt were the subject of “multiple approaches” from interested parties, with numerous offers received, according to EY.

“Completion of the acquisition is...

Published

Andrea Hotter

February 06, 2023

15:21 GMT

New York