Insolvent Britishvolt Receives Two Bids in Administration Sale

The planned site of a Britishvolt Gigafactory in Blyth, Northumberland. — The planned site of a Britishvolt Gigafactory in Blyth, Northumberland.
Source: PR Newswire

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By Siddharth Philip, Sabah Meddings, and Rachel Morison

February 2, 2023 at 1:37 PM UTC

This article is for subscribers only.

Britishvolt Ltd.’s administrators received two bids for the insolvent UK battery startup when the deadline for proposals ended on Wednesday, according to people familiar with the matter.

A consortium of former Britishvolt investors and Australian battery startup Recharge Industries submitted bids, said the people, who asked not to be identified as the process is confidential.