- The German e-car market is struggling. Charging station provider Numbat files for bankruptcy.
- Numbat was a promising start-up. It recently received a large financial injection.
The crisis in the electric car market is also having an impact on other sectors. Despite a recent financing round of €140 million, Numbat was forced to file for bankruptcy.
German start-up failed to cope with market difficulties
The German portal merkur.de writes that the electric car market is in deep crisis. This now also applies to charging station suppliers. Numbat, which was one of the most promising German start-ups just a few months ago, may not survive. In August of this year, the company was forced to file for bankruptcy.
Bankruptcy of charging station supplier despite financial injection of 140 million euros
"We have made every effort to get the company back on track, but due to the market situation and technical challenges, this could not be achieved," said co-founder and managing director Martin Schall. "It is no longer possible to continue operating Numbat GmbH in the planned form," he added.
On 9 August 2024, the Kempten District Court established a provisional insolvency administration for the company.
The company failed to cope with market difficulties. It was explained that one of the main reasons for the company was the unexpectedly slow adaptation of the market to new technological solutions and delays in obtaining building permits.
