Britishvolt, the UK battery startup, has gone into administration after last-minute talks with investors collapsed. Is this just another nascent business that couldn’t live up to the hype, or does it say something broader (and really quite unnerving) about the future of the UK economy?
The firm had problems, certainly. For months it had been living hand-to-mouth as it searched for long-term funding and last week, its value plunged 96 per cent. But Britishvolt was more than just another tech startup.
