Since 2017, the German company Govecs has produced the ‘E-Schwalbe’, an electric scooter inspired by the iconic East German original. The various models, offering different options in terms of battery capacity, power output, and top speed, are manufactured by a subsidiary in Poland.
However, the future of the E-Schwalbe is now in doubt, as Govecs has filed for insolvency at the Munich District Court. Under the reference 1542 IN 4079/25, the court has initiated preliminary insolvency proceedings for Govecs AG and appointed the prominent lawyer Michael Jaffé (known for his role in the Wirecard insolvency) as the preliminary insolvency administrator.
Jaffé will now oversee Govecs’ finances, with a mandate to protect the company’s…