The founder of failed battery startup Britishvolt is set to make a bid to buy the business from administrators, it has been reported.
Orral Nadjari launched Britishvolt four years ago, setting the company on its ambitions to build a £3.8bn gigafactory in the North East capable of manufacturing around 300,000 electric vehicle batteries a year.
The former CEO quit last summer, saying it was the right time to leave the firm, declaring “my vision was only possible because of all of the foresight of UK Government in creating a world-class battery cell ecosystem”. Since then, however, the firm’s financial struggles tipped it into administration, with EY keeping just a handful of its 250-plus workforce on board to manage the firm’s affairs as it seeks a buyer.
