Collapsed Britishvolt bought out by new firm in major boost for battery manufacturing

Who is Recharge?

Now, Recharge has brought back the prospect of a UK-based manufacturing site for the production of batteries for high-volume carmakers.

But with Britishvolt’s downfall blamed on a lack of battery experience, proven technology, customers and revenue, there could be concerns that Recharge may run into the same problems.

The company is run and owned by a New York-based investment fund called Scale Facilitation.

Despite the conerns, David Collard, the fund’s chief executive, claims Recharge can help Britain become a “major player in the international battery market” and admits he wants to get started “as soon as possible.”

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Article source: https://www.express.co.uk/news/science/1739903/uk-electric-vehicles-britishvolt-recharge-industries-blyth-northumberland