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In The Press
Projects exploring battery recycling, digital twins, new battery materials, and new manufacturing techniques receive funding from the Faraday Battery Challenge.
Britishvolt, the UK manufacturer of lithium-ion batteries for the automotive industry, has fallen into administration. It is believed that the company’s board held a lengthy meeting to determine whether there were any viable bids to keep the company afloat, but decided there were none.
The pioneer of end-to-end fast-charging battery systems revealed in July the initial close of a £50m Series B round which will enable the company to enter a stage of manufacturing at scale. The financing takes Nyobolt’s value to £300m.