Britishvolt has appointed Guggenheim Securities and Barclays as advisers to look into options, including listing in the US through a merger with a special purpose acquisition company, or SPAC, its founder and chief executive Orral Nadjari said in an interview.
It is the first time the company has talked in detail about its plans to finance the project that will play a central role in delivering on Prime Minister Boris Johnson’s green plan.
“The SPAC market is very interesting and is the result of the very mature capital markets in the US that have identified the industrial revolution that is happening now, when we go from the era of the internal combustion engine towards an era of electrification,” Mr Nadjari said. “There will be a lot of scale-ups that will need a lot of capital.”