;Resize=(1200,627)&hash=d7baa6da80e3f7b5b928d97c05514ae2cd1800f08d04354fc0c99dc753d5aa29 "Financing failed – Popular charging app provider Elvah is insolvent")
Financing failed: Popular charging app provider Elvah is insolvent
Because a round of financing had failed, the charging app provider Elvah filed for bankruptcy. A buyer is now being sought for the company.
The app and charging platform provider is in preliminary insolvency proceedings. Manager Sören Ziems reports on LinkedIn. According to this, another round of financing had previously failed “despite tireless efforts”.
According to the manager, the company is now for sale. Financing is no longer possible “on our own”. The company started in 2021. As recently as August 2022, Elvah had received financing in the millions, including from Maingau Energie.
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Charging app provider Elvah is insolvent: That makes the application so practical
Elvah’s main product is a loading app available for iOS and Android smartphones. According to the company on its website, the application is intended to help owners of e-cars to find “working and suitable stations”.
The application is fed with live data and user feedback. Elvah promises that users will have to worry about “75 percent less disruption” thanks to the app’s recommendations.
How Elvah will continue after the bankruptcy is not yet known. Much will probably depend on whether a buyer can be found.
The original of this article “Popular loading app provider Elvah is insolvent” comes from chip.de.
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