A British firm specializing in converting petrol and diesel vehicles into electric models has collapsed, filing for insolvency after failing to secure sufficient funding. The company, which offered a service to extend the lifespan of older vehicles by replacing their engines with electric powertrains, cited financial pressures as the reason for its shutdown. Industry experts warn that the insolvency could signal broader challenges for startups in the electric vehicle transition sector. The move leaves customers and partners uncertain about the future of their repowered vehicles and pending projects.
EV ‘repowering’ company declares insolvency electrive.com
