The directors of SolarZero said in a statement: “This difficult decision follows work to explore a range of options to restructure the company. Regretfully, SolarZero and its key stakeholders were unable to find a viable solution to sustain the business.
“This is a tough day for SolarZero teams, who have worked hard to build a more sustainable New Zealand. Today’s decision is not a reflection on their work or commitment.”
Earlier this year, SolarZero transformed its financing model to raise US$195 million in debt facilities under a scalable ‘split-series’ structure. This effectively split the business into two series: the Customer and Battery series.
The Customer Series sought to ensure broad appeal and…
