Embattled Australian electric vehicle fast-charger company Tritium is on the lookout for buyers after its directors declared the company to be insolvent and called in administrators.
Tritium has declared itself insolvent and self-appointed administrators and insolvency administrators appointed by creditors have assumed control of the Queensland-headquartered electric vehicle (EV) charging company’s assets and begun the search for buyers.
In a brief notification to the United States’ Securities and Exchange Commission, the company writes that Tritium DCFC and three of its Australian subsidiaries are “insolvent or likely to become insolvent.”
The directors said they had appointed three managers from…
