The UK startup Britishvolt has gained new investment worth £40m from Glencore in the latest stage in its ambitious plan to build one of the UK’s few large-scale battery factories.
It is aiming to treble its funding with £200m in a third funding round, with Glencore serving as the anchor investor. The FTSE 100 miner has already invested millions of pounds in Britishvolt in earlier funding rounds that valued the battery company at more than $1bn (£740m).
