German battery pioneer CustomCells has filed for insolvency proceedings for the group’s key operating entities located in Itzehoe and Tübingen. The competent court in Kiel has appointed attorney Dr. Malte Köster, a partner at the law firm WILLMERKÖSTER, as the preliminary insolvency administrator of the operating companies. WILLMERKÖSTER is one of the leading insolvency law firms in Germany. The holding company of the CustomCells Group is not affected by the insolvency filing at this time.
The financial difficulties at CustomCells stem primarily from the insolvency and payment default of its largest customer, aerospace company Lilium. Outstanding receivables in the tens of millions of euros remained unpaid and could no…
