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Recharge Industries is buying Britishvolt, the start-up that collapsed in January.
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Scooped by Graham Watson |
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Bear with me, but an Australian firm, Recharge Industries, owned by a New York-based investment fund, Scale Facilitation, are buying the beleaguered UK battery company Britishvolt. However, whereas the start-up was originally intending to produce electric car batteries, it seems that they are going to produce batteries for energy storage and only then for high-end sports cars.Â