This announcement could be massive. Scale Facilitation aren't just an accelerator, they're an investment firm who managed to raise enough money to rescue the Britishvolt plan to build a 3.8bn pound battery plant in the UK. So - backed by some serious investors and some serious money.
So they see the future in scaling up batteries to a massive scale and now they've taken a 5% stake in Redflow.
I'd hope with their experience they'd be offering some good advice to the management team on the direction of the company (if not taking a position on the board). I'm super excited.
Ann: Redflow secures c$2.5million at 30% premium, page-16
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