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Next big move, on the same day details of a new battery gigafactory in the news;https://eandt.theiet.org/content/articles/2020/07/cobalt-free-battery-promises-higher-energy-density-cheaper-cost/
Quote from: albie on July 17, 2020, 05:06:24 pmNext big move, on the same day details of a new battery gigafactory in the news;https://eandt.theiet.org/content/articles/2020/07/cobalt-free-battery-promises-higher-energy-density-cheaper-cost/They've raised £10m so far - just the small matter of raising another £1.2 billion now!
Britishvolt is aiming to build factories to manufacture batteries with 30 gigawatt hours (GWh) of capacity a year. The first leg of the plan will require Britishvolt to raise £1.2bn from investors, a significant sum for a company that has so far raised about £10m from a group of Scandinavian and Middle Eastern investors.
Britishvolt, which was only founded in December, will look to raise £300m to £400m in equity through a stock market listing in 2021, with a reverse takeover most likely. An initial public offering is also a possibility, added Mr Nadjari. The rest would come through debt and an unspecified amount of government grants.
QuoteBritishvolt is aiming to build factories to manufacture batteries with 30 gigawatt hours (GWh) of capacity a year. The first leg of the plan will require Britishvolt to raise £1.2bn from investors, a significant sum for a company that has so far raised about £10m from a group of Scandinavian and Middle Eastern investors.https://www.theguardian.com/uk-news/2020/jul/17/battery-firm-chooses-welsh-site-for-britains-first-gigafactoryQuoteBritishvolt, which was only founded in December, will look to raise £300m to £400m in equity through a stock market listing in 2021, with a reverse takeover most likely. An initial public offering is also a possibility, added Mr Nadjari. The rest would come through debt and an unspecified amount of government grants.https://britishvolt.com/news/battery-start-up-selects-welsh-site-for-uks-first-gigafactory/