The Allgäu-based start-up Numbat has unexpectedly filed for insolvency. This is evident from the insolvency announcements of the responsible court in Kempten.
The Kempten-based company, which sells charging stations for electric cars, was considered one of the most promising start-ups in the region and only in October raised 140 million euros from investors—one of the largest funding rounds for start-ups in all of Germany in 2023.
The reason for the insolvency is not detailed in the announcement. Attorney Dr. Robert Saam from Kempten has been appointed as the insolvency administrator. The company had planned to use the new funds to install numerous fast-charging stations, including at Tegut, Norma, and Euronics stores. The current state of these projects is not publicly known, neither is, if the already installed fast-charging stations are going to be operated continuously.
Bavarian Fast-charging-start-up Numbat files for insolvency - What does Numbat do?
The Kempten-based start-up, founded in 2021 by Martin Schall and Dr. Maximilian Wegener, specializes in battery-supported fast-charging stations for electric vehicles. To achieve this, the Allgäu start-up collaborated with several retail companies to install its charging stations in their parking lots.
As recently as October 2023, a banking consortium led by the real estate and infrastructure fund Patrizia, based in Augsburg, invested 140 million euros in the Allgäu company. At the time, the company announced that the financing would enable total investments of significantly "over one billion" to be realized. The company had only recently moved into new offices in downtown Kempten.
Numbat currently nominated for prestigious German Founders' Award
In the Allgäu region, consumers primarily encounter Numbat's charging stations at Feneberg stores. Other partners include Euronics, Norma, and Hagebau, where charging stations have already been implemented or are still in the planning stages. However, the rapid growth also encountered challenges in the past: Due to supply chain issues, the company was unable to install the planned 50 turbocharging stations in the Allgäu by the end of last year. The problem was said to have been resolved at that time. Currently, Numbat is still nominated for the German Founders' Award.
Additional information: This article was translated via AI and revised by a editor of the digital team.