Britishvolt

A pioneering battery technology developer, working with leading strategic partners and suppliers to power an electrified future.

Launch date

Dec 2019

Market cap

Enterprise valuation

CAD2m (Public information from Dec 2022)

Company register number 12381543

London England (HQ & founding location)

Revenues, earnings & profits over time

GBP	2021
EBITDA	(8.8m)
Profit	(8.8m)

Date	Investors	Amount	Round
Jan 2021*	N/A	£37.9m	Early VC
Jul 2021	Innovate UK	N/A	Grant
Sep 2021	Glencore NG Bailey Axxis Geo Solutions	$70.0m Valuation: $1.0b	Series B
Jan 2022*	Tritax Abrdn	N/A	Debt
Feb 2022*	Bank of America Peel Hunt Glencore Citibank	£40.0m Valuation: £1.0b -113.7x EV/LTM EBITDA	Series C
May 2022*	Scorpio Group	N/A	Series C
Jun 2022*	Ashtead Technology	N/A	Series C
Nov 2022*	N/A	N/A	Late VC
Jan 2023*	N/A	N/A	Bankruptcy
Feb 2023*	Recharge Industries	N/A	Acquisition
Total Funding		CAD236m

ACQUISITION by Britishvolt May 2022

Financials