Britishvolt buyer David Collard charged with assault in New York
The man behind a buyout of the collapsed battery maker Britishvolt has been charged with assault and harassment in New York.
The charges against David Collard followed an alleged altercation on Madison Avenue in November.
The incident, first reported by Australian website Open Politics, has come to light at a time when the future of the takeover remains uncertain.
Mr Collard insists he acted in self-defence.
The incident in New York took place on Wednesday, 15 November. According to court documents, Mr Collard was accused of striking a man about the face with a closed fist causing “a laceration to the right side of the face and substantial pain”.
In total he faces two charges of assault causing physical injury and one of attempted assault, as well as further charges of harassment and aggravated harassment. He has pleaded not guilty.
In a statement, provided to Open Politics, Mr Collard said he had intervened to protect a female friend who had been experiencing harassment.
“Confronting the individual, an altercation ensued due to his aggressive behaviour. In self-defence, I took appropriate measures,” he said.
Britishvolt
Mr Collard is the founder of Scale Facilitation, an investment firm based in his native Australia. Its subsidiary Recharge Industries agreed to take control of Britishvolt after it went into administration in January.
The ambitious British start-up had planned to build a £4bn “gigafactory” to manufacture battery packs for a new generation of electric cars. It was once hailed by the former Prime Minister, Boris Johnson, as a part of his “green industrial revolution”.
It would have been built on the site of an old power station at Cambois, near Blyth in Northumberland. But the venture ran out of money and collapsed into administration in early 2023.
Mr Collard agreed to buy the company for £8.57m, saying he would use the site to build batteries for the Australian military.
Just over £6m was paid immediately, followed later by a further £300,000. But £2.2m remains outstanding, despite having become due last April. Earlier this month, the administrator EY extended the administration period until January 2025.
In order to secure the Cambois site, Recharge Industries would also need to raise another £11m to pay property investor Katch, which has a financial claim on it.