The pedelec start-up Bio-Hybrid has finally failed. After the management had to file for insolvency in April this year, the search for investors was unsuccessful. The start-up was dissolved in the commercial register in mid-July.
Prior to this, the Nuremberg District Court had opened insolvency proceedings on 1 July, as no investor could be found to date. Both the law firm Dr. Beck und Partner, which provides the insolvency administrator, and marketing manager Jakub Fukacz confirmed to the portal “Next Mobility” that the search for investors had failed.
According to the law firm, the assets of Bio-Hybrid GmbH, including intellectual property, are now to be sold – they are in talks with investors. Possible sums were not mentioned, however.
After the insolvency application in April, business operations initially continued and the company continued to accept orders on its website. In the meantime, the website can still be accessed, but only a static “maintenance mode” is displayed.
The concept of the four-wheeled cargo e-bike with driver’s cabin was developed by automotive supplier Schaeffler and first shown in 2016, Schaeffler achieved international notoriety with the bio-hybrid in 2019 when the vehicle was shown in Las Vegas at CES.
In October 2020, automotive supplier Schaeffler had sold all shares in its subsidiary Schaeffler Bio-Hybrid GmbH to Micromobility Services and Solutions. Series production of the four-wheeled Bio-Hybrid pedelec was scheduled to begin under the new owner in mid-2021.
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