Recharge Industries Acquires Bankrupt Battery Manufacturer Britishvolt
The financial terms of the transaction were not disclosed.
February 28, 2023
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
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.
