About Britishvolt
Britishvolt is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2019 by Orral Nadjari, and was acquired by Rechargeindustries in February 2023. Lithium-ion batteries for electric vehicles are manufactured by Britishvolt. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Britishvolt has raised $263.46 million across 8 funding rounds from investors including Glencore, Bank of America and Citi. The company has 6 employees. Britishvolt has completed 1 acquisition, including EAS Batteries. Britishvolt was last valued at $38.9 million in January 2023. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its legal entity is POWER BY BRITISHVOLT LIMITED.
Company details
Britishvolt was founded in 2019 in London, United Kingdom. Lithium-ion batteries for electric vehicles are produced by the company, with a focus on low-carbon technologies for decarbonization efforts. Energy storage systems are manufactured, and battery cells for electric vehicle systems are developed. Operations center on advancing sustainable battery solutions in the automotive sector.
- Headquarters London, United Kingdom
- Employees 6
- Founders Orral Nadjari
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website britishvolt.com
- Social LinkedIn X Facebook
- Acquired by Rechargeindustries (Feb 2023)
- Legal Name Power By Britishvolt Limited
- Date of Incorporation 31 Dec, 2019
- Jurisdiction LONDON
- Net Profit-$11.33 M (USD)as on Jan 31, 2021
- EBITDA-$11.33 M (USD)as on Jan 31, 2021
- Total Equity Funding$263.46M (USD)
in 8 rounds
- InvestorsGlencore
& 7 more
- Employee Count6
- Investments & Acquisitions
- Acquired byRechargeindustries
(Feb 2023)
Funding Insights of Britishvolt
Britishvolt has successfully raised a total of $263.46M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $263.46M
- Total Rounds 8
- First Round $52.2M
(Feb 2021)
- Investors Count 8
All 8 funding rounds of Britishvolt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | Series C | $38.9M | – | – | |
| Jul 2022 | $120.75M | Series C | – | – | – |
| May 2022 | Series C | – | – | ||
| Feb 2022 | $54.21M | Series C | – | Bank of America, Citi | |
| Jan 2022 | Grant | – | – | ||
| Aug 2021 | Series B | $1.1B | Glencore | – | |
| Jul 2021 | $36.3M | Series B | – | – | – |
| Feb 2021 | $52.2M | Series B | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $38.9M | •••••••• |
| Aug 2021 | $1.1B | •••••••• |
Last known valuation $38.9M (Jan 2023). 8 investors in total: 8 institutional.
Investors in Britishvolt
Britishvolt has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Glencore, Bank of America and Citi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is directed toward technology sectors by this firm. | apcuk.co.uk | Coventry, United Kingdom | ||
| carbn.no | ||||
| scorpiogroup.net | ||||
Metals and minerals are produced and supplied worldwide. | 1974 | glencore.com | Baar, Switzerland | |
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
Commercial banking and financial services are provided globally. | 1812 | citi.com | New York, United States | |
Corporate advisory services in finance are provided to clients. | 1989 | peelhunt.com | London, United Kingdom | |
| rechargeindustries.com |
Investor details for Britishvolt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Britishvolt
11 people are tracked at Britishvolt (6 in leadership, 5 in board & advisors); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Orral Nadjari | Co-Founder | Leadership |
Isobel Sheldon | Chief Strategy Officer | Leadership |
Allan Paterson | CTO | Leadership |
Tom Cowling | Chief Governance Officer | Leadership |
Daniel Griffiths | Chief People Officer | Leadership |
Tony Laydon | Chief UK Project Officer | Leadership |
William Harrison | Board Member | Board & advisors |
Peter Rolton | Chairman | Board & advisors |
Lord Chadlington | Board Member | Board & advisors |
Sacha Dench | Advisor | Board & advisors |
Sebastiaan Welling | Advisor | Board & advisors |
Complete people profiles for Britishvolt
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Britishvolt
Britishvolt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EAS Batteries.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Battery solutions for marine, rail, and industrial applications are provided. | eas-batteries.com | Nordhausen, Germany | 1996 | May 2022 | $38.46M |
Complete acquisition details for Britishvolt
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Britishvolt
7 dated milestones of Britishvolt across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Britishvolt is founded.
- Funding First funding round of $52.2M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires EAS Batteries.
- Funding Latest funding round, Series C,.
- Milestone Reaches Minicorn status.
- Exit Acquired by Rechargeindustries.
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Related news about Britishvolt
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Frequently Asked Questions about Britishvolt
Britishvolt was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Britishvolt is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Britishvolt is a funded company, having raised a total of $263.46M across 8 funding rounds to date. The company's 1st funding round was a Series B of $52.2M, raised on Feb 2021.
Britishvolt has 6 employees.
Britishvolt was founded in 2019 in London, United Kingdom. Lithium-ion batteries for electric vehicles are produced by the company, with a focus on low-carbon technologies for decarbonization efforts. Energy storage systems are manufactured, and battery cells for electric vehicle systems are developed. Operations center on advancing sustainable battery solutions in the automotive sector.
Britishvolt has made 1 acquisition, including EAS Batteries.
Britishvolt has 8 investors. Key investors include Glencore, Bank of America, Citi, Peel Hunt, and Scorpio Group.
The valuation of Britishvolt is $38.9M as of Jan 2023.
Britishvolt operates through Power By Britishvolt Limited.
Yes. Britishvolt was acquired by Rechargeindustries in February 2023.