Britishvolt secures funding ‘for coming weeks’ as investor steps in

• Britishvolt previously delayed its projected production start from mid-2024 to 2025

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4 mins read

2 November 2022

Troubled battery start-up Britishvolt has been given a lifeline to keep the firm going «over the coming weeks» after an anonymous investor stepped forward to temporarily hold off administrators.

The Blyth-based firm hopes it can secure more long-term funding during this period, confirming it has «received promising approaches» from several international investors in the past few days.

Britishvolt filed for administration on 17 January 2023. Click here for the latest updates: Britishvolt collapses with loss of nearly 300 jobs

Its near-300 employees have also taken a voluntary November pay cut, to help this money last longer, the firm confirmed to Autocar this morning.

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