But bypassing London would represent a major loss for British investors who are keen to back one of the flagship projects in the UK’s green industrial revolution.
Britishvolt is a central part of Prime Minister Boris Johnson’s eco plans and will help the country stay at the forefront of the electric car market – as well as lessening the reliance on foreign battery makers.
Britishvolt is planning to start producing batteries in 2023. The company has hired bankers, Barclays and Guggenheim Capital, to investigate a Spac merger and the deal could happen by the end of June.
Britishvolt is aiming to raise as much as £100million this month in a funding round, which Barclays is advising on.
UK battery firm Britishvolt eyes US SPAC deal
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Gores Guggenheim, Inc Announces Pricing of $750 Million Initial Public Offering
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<p><a href="https://74n5c4m7.r.eu-west-1.awstrack.me/L0/https:%2F%2Fwww.fundguard.com%2F/1/01020177cefd5230-ae7e6b18-5bf5-4c81-85e3-af34c9ba0951-000000/NqdrxXrGv4xhA5V7nFRQLdHAiMg=202" target=" blank">FundGuard</a><span lang="EN-US">, the AI-powered SaaS investment management and asset servicing enterprise platform, today announced that it has closed a $12 million Series A funding round. The financing is being led by</span><span> </span><a href="https://74n5c4m7.r.eu-west-1.awstrack.me/L0/https:%2F%2Fteam8.vc%2F/1/01020177cefd5230-ae7e6b18-5bf5-4c81-85e3-af34c9ba0951-000000/pasLUgeCPs AZ1AVJokewf6huik=202" target=" blank">Team8</a><span> </span><span lang="EN-US">and existing investors</span><span> </span><a href="https://74n5c4m7.r.eu-west-1.awstrack.me/L0/https:%2F%2Fblumbergcapital.com%2F/1/01020177ce