Tech Company Financing Transactions
Britishvolt Funding Round
Glencore, Abrdn and Tritax Group participated in a $121.4 million Series C funding round for Britishvolt. The round was announced by the company on 7/29/2022.
Transaction Overview
Company Name
Announced On
7/29/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$121,400,000
Round
Series C
Investors
Proceeds Purpose
While the overwhelming majority of investment for the project will come from private sources, the ATF's grant funding is very important in proving that the U.K. government is confident that we will deliver on our plans, and this will help to generate further private investment.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Office G04, Blyth Workspace Commissioners Quay, Quay Road
Blyth England, NE24 3AF
UK
Blyth England, NE24 3AF
UK
Phone
Undisclosed
Website
Email Address
Overview
We are Britishvolt. Our mission is to accelerate the electrification of society. We will deliver sustainable, low-carbon batteries on the roadmap to decarbonisation. Proudly British, passionately global. The race to zero is an imperative for society, and batteries are core to a successful energy transition. The Britishvolt ambition is to create some of the planet's most responsibly manufactured battery cells, primarily to power electric vehicles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Orral Nadjari
Chief Financial Officer
Hootan Yazhari
Chief Operating Officer
Timon Orlob
Chief Technical Officer
Allan Paterson
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