The cleantech companies that didn’t make it through…

Richmond, California–based Moxion Power laid off 101 workers in June and shuttered its doors, following a wave of hype for its 75-kilowatt portable lithium-ion batteries that it hoped would replace diesel generators. The company attracted more than $110 million in funding from investors including Tamarack Global, Amazon, Microsoft, and Energy Impact Partners. Lesson: Lithium-ion batteries continue…

Trucking companies that went bankrupt in 2022

It’s been a rough year for the trucking industry following the red-hot market conditions of late 2020 and 2021.  Since the beginning of the year, spot rates have declined by 27.6%, according to the FreightWaves National Truckload Index. On the contract market, which comprises a larger chunk of the trucking industry, the rate to move…

debts of 3 billion euros

KTM is going through an extremely difficult period. The leading European motorcycle manufacturer has today filed for insolvency at the court of Ried in Upper Austria, initiating a restructuring procedure under judicial supervision. The company failed to pay off its debt 1,8 billion euros towards approximately 2.500 creditors. The total debt of the company and its…

Flight Design files for Insolvency

German company Flight Design, manufacturer of the CTLS and F2 range of aircraft, has filed for bankruptcy in a German court. The company filed papers on 3 December, claiming a six-figure debt and outstanding disputed payments have led to a liquidity issue. The court appointed lawyer Marcello Di Stefano as provisional insolvency administrator, who believes…

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