Australian startup Recharge Industries wins bid for Britishvolt

The deal, which comes just three weeks after Britishvolt fell into administration, could help revive Britain’s ambitions of building a home-grown EV battery industry that can support domestic car production.

In a whirlwind fortnight, Recharge Industries put together an aggressive package that also revives plans to build a £3.8bn (A$6.7bn) “gigafactory” in the north of England to supply the next generation of UK-built electric vehicles, free from Chinese materials.

Privately owned Recharge, a division of New York-based portfolio company Scale Facilitation® , is building a large-scale lithium-ion cell factory in Australia expected to begin production next year.

“We’re thrilled to be progressing with our proposed bid for Britishvolt and can’t wait to get started making a reality of our plans to build the UK’s first gigafactory,” Scale Facilitation CEO and Recharge founder David A. Collard said.