Battery firm Britishvolt collapses into administration

17 Jan 2023

Troubled battery start-up Britishvolt has fallen into administration putting hundreds of jobs at risk in a major blow to the future of UK manufacturing. 

The firm failed to sell a majority stake in the company which would have helped to secure the firm’s long-term future. 

The BBC reported that sale talks began last week, but there was no viable bid to keep the company afloat. 

According to the Financial Times, an offer of £30 million for near-total control of Britishvolt, followed by a £128 million funding boost had been put forward. However, main creditors refused to back the deal leading to the firm filing for administration. 

The collapse of the British firm is a major blow for the future of the UK’s automotive industry. 

The Society of Motor Manufacturers and Traders (SMMT), which represents the UK’s automotive industry, warned last year that a lack of UK battery production could threaten its future. 

The start-up formed in 2020 planned to open a £3.8 billion facility in Northumberland that would eventually be able to produce 48GWh of battery cells per year - this would have been enough to supply 300,00 new cars. 

Britishvolt has experienced months of financial difficulties prior to its collapse. In November last year Britishvolt secured what they described as “near-term investment”, allowing it to continue to operate while it tried to secure longer-term funding. 


Subscribe to the Move Electric newsletter


E-cars news and reviews

Living with a Citroën Ami

Ten electric cars we're excited for in 2023

Getting an EV sideways: how easy is it to drift a Kia EV6 GT?

Q&A: Jaguar Racing's Sam Bird and Mitch Evans on Formula E's new era


E-bike reviews and news

Ten electric bikes we're excited for in 2023

Can you get fit using an electric bike?

Gocycle G4i e-bike review


E-motorbike reviews and news

Ten electric motorbikes we're excited for in 2023

Super Soco TC Max electric motorbike review

Cake and Polestar team up for new special edition Makka e-motorbike


E-scooter news and reviews

Planned laws to legalise private e-scooters face delay

Five key takeaways from the rental e-scooter trials report

Which train firms have banned e-scooters from their services?


E-world news

Move Electric's best features of 2022: lap records, tuk-tuks… and sausage rolls

Volvo Trucks keeps on electric trucking with three new models

VIDEO: Watch Move Electric's epic e-race across London