has lobbed an 11th-hour bid for failed UK battery maker Britishvolt, which collapsed in spectacular and public fashion earlier this month.
Recharge Industries and Scale Facilitation say they want to go beyond acquiring the site and save the actual company, which still has up to 26 battery experts on its payroll. “Recharge Industries has done in 18 months what Britishvolt has struggled to do in three years working by themselves. By combining, we can put the sort of acceleration into Britishvolt that you’d expect from the best EV on the market.”The British government is following the administration process closely, and Mr Collard said Recharge had received “proactive assistance” from Downing Street’s envoy for UK-Australia trade, the cricket legend Ian Botham.
Rumours and reports that Britishvolt was in trouble began to circulate last October. Global miner Glencore offered the company a lifeline and Indian giant Tata reportedly considered getting involved, but by the year’s end the management team had run out of rope.
Source: News Formal (newsformal.com)
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