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The Guardian - UK

Business

Alex Lawson and Jasper Jolly

Battery startup Britishvolt enters administration as rescue talks fail

Britishvolt EY Glencore United Kingdom

Britishvolt’s executive, Peter Rolton, at the site of its planned battery factory. — Britishvolt’s executive, Peter Rolton, at the site of its planned battery factory.
Photograph: Nick Carey/Reuters

The battery startup Britishvolt has collapsed into administration with the majority of its 300 staff made immediately redundant after talks about a rescue bid from several investors failed.

Britishvolt filed notice to appoint an administrator in the insolvency courts on Tuesday and the accountancy firm EY has confirmed it has taken on the administration.

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