Accounting firm EY on Monday said it selected Scale Facilitation Partners and its Australian subsidiary Recharge Industries as the preferred bidder to buy struggling UK startup Britishvolt out of administration. EY's restructuring arm EY-Parthenon were appointed administrators of Britishvolt in January af
Accounting firm EY on Monday said it selected Scale Facilitation Partners and its Australian subsidiary Recharge Industries as the preferred bidder to buy struggling UK startup Britishvolt out of administration.
Britishvolt has been in talks with a consortium of investors about selling a majority stake in the company, the company said earlier this month, without disclosing any names. But as of last summer, Britishvolt said it had only raised around 200 million pounds and pushed back its production timeline citing"difficult external economic headwinds."
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