Bio-Hybrid GmbH has filed for insolvency with the Nuremberg District Court. The start of series production, which was planned for mid-2021 after the separation from Schaeffler, is thus in jeopardy.
In October 2020, the automotive supplier Schaeffler 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 to begin under the new owner in mid-2021. What will become of it is unclear in view of the insolvency proceedings.
In the meantime, the local court has appointed an insolvency administrator, with Hubert Ampferl from the law firm Dr. Beck & Partner GbR in Nuremberg taking on the task. There are no further details on the background o…
Read the full article at: https://www.electrive.com/2021/04/22/bio-hybrid-company-files-for-insolvency/