Electric cars: Next.e.Go Mobile ceases business operations for good
Nine years after it was founded, the Aachen-based small electric car manufacturer Next.e.Go Mobile has to give up for good.
The company's workforce is now being laid off.
(Image: Next e.Go Mobile)
The Aachen-based electric vehicle manufacturer Next.e.Go Mobile has finally ceased business operations. The workforce was informed of this last week, a company spokesperson confirmed to heise online on Monday. The remaining 200 or so employees will be made redundant. The insolvency administrator will now initiate the liquidation of the company's main assets in order to satisfy creditors in the best possible way.
Despite "intensive efforts", Next.e.Go Mobile has not found a buyer to take over the financing until the new e.wafe X model is ready for production, the spokesperson added. Due to economic and insolvency law requirements, the company could not be continued without the support of one or more investors.
Financing instruments not sufficient
According to a report in the Aachener Zeitung newspaper, delays in the EU model approval of the e.wave X were one of the reasons for the crisis. There were allegedly already 11,000 pre-orders for the small electric vehicle. At the beginning of March this year, Next.e.Go Mobile filed for insolvency. The company cited "developments and challenges in the electric vehicle industry and the volatility of the capital markets" as the reasons for this. The equity-based financing instruments could not have been used to the extent and at the speed expected. Alternative financing was difficult to obtain due to the market situation.
Elektroautos von e.Go Mobile (23 Bilder)
Next e.Go Mobile had already emerged from insolvency in 2020. The predecessor company e.Go Mobile was founded in 2015 by the RWTH Aachen University and wanted to build a fully electric small car in series production. Almost 1,400 of the car, called e.Go Life, were sold. The company also developed an autonomous "people mover" together with supplier ZF.
(anw)