Recharge Industries Acquires Bankrupt Battery Manufacturer Britishvolt

The financial terms of the transaction were not disclosed.

February 28, 2023

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Australian battery manufacturer Recharge Industries, a portfolio company of Scale Facilitation, a New York-based investment firm, completed the acquisition of Britishvolt, a UK-based insolvent battery venture Britishvolt, which had struggled to fund an electric vehicle gigafactory in northern England, for an undisclosed amount.

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