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Britishvolt seeks $3 6bn funding for UK s first gigafactory

Britishvolt has appointed Guggenheim Securities and Barclays as advisers to look into options, including listing in the US through a merger with a special purpose acquisition company, or SPAC, its founder and chief executive Orral Nadjari said in an interview. It is the first time the company has talked in detail about its plans to finance the project that will play a central role in delivering on Prime Minister Boris Johnson’s green plan. “The SPAC market is very interesting and is the result of the very mature capital markets in the US that have identified the industrial revolution that is happening now, when we go from the era of the internal combustion engine towards an era of electrification,” Mr Nadjari said. “There will be a lot of scale-ups that will need a lot of capital.”

Firm building UK s first gigafactory gears up to go public

Firm building UK s first gigafactory gears up to go public  Britishvolt considering options including floating in New York by merging with a special purpose acquisition company 1 April 2021 • 11:20am The company planning Britain s first gigafactory has appointed advisers as it gears up for a stock market listing.  Britishvolt has appointed Barclays and Guggenheim Capital to examine options including floating in New York by merging with a special purpose acquisition company (Spac), said Orral Nadjari, the founder and chief executive. A deal could be announced as soon by June.  It is the first time the company has talked in detail about plans to finance the £2.6bn project to make batteries for electric vehicles that will play a central role in delivering prime minister Boris Johnson’s green agenda.

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