Britishvolt valuation plunges 96% in blow to UK EV ambitions
The UK’s ambitions to become a key player in the global market for electric vehicles suffered a blow today after the
valuation of
battery start-up Britishvolt fell over 90%.
A rescue deal has valued the beleaguered
EV battery maker at just £32 million, according to reports in the Financial Times, down from the £774 million it was valued at in a funding round in February last year.