2024-02-17 15:00:17
The company Electric Brands, based in Eppertshausen, has filed an application to open insolvency proceedings at the Darmstadt district court, which has now been approved. According to Electric Brands, the reason for the bankruptcy is “the recent increase in development costs and the weakening economy.”Automobile Week“.
An insolvency administrator has not been appointed; the company wants to restructure itself under self-administration. According to Electric Brands managing director Max Brandt, employees don’t have to worry, their wages and salaries are secured for the next few months. In addition, another lightweight vehicle will be brought onto the market “in the next few weeks”. Brandt only took over from company founder Ralf Haller in autumn 2023.
The company is now hoping for new investor money. The first negotiations are already underway and it is hoped to get fresh capital in March. If this works, the insolvency application would be withdrawn and the customers’ vehicle deposits would remain untouched.
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