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Tommyfare hat geschrieben: Mo 9. Mär 2020, 01:45 Ich warte seit über einem Jahr darauf, dass mal klar Tisch gemacht wird und echte Reviews und Auslieferungen kommen.

We hope you and your family are safe and well in these trying times. This email serves as an important notification on Etergo’s pressing position given the current business climate during COVID-19.

In our previous update, just before the coronavirus hit Europe, we mentioned that we were still looking for funding as we, unfortunately, did not raise enough in crowdfunding last year. Again, disrupting automotive hardware remains a tough and very capital intensive business, even more so due to the coronavirus.

Already since summer last year, we’ve been hard at work on acquiring the additional capital needed. We partnered with a professional fundraising firm to help drive this process and make sure we have the experience and network to reach the right investors. Together with them, we looked all over the world for large investors/partners to help ensure the continuation of the business. Over the course of the last 10 months, we’ve approached over 240 professional investors/partners from all over the world.

Unfortunately, COVID-19 made an already difficult scenario, close to impossible. We already experienced severe production delays when it surged in China, but when it also hit Europe and other parts of Asia, it dramatically worsened the situation. Investors around the world put many of their activities on hold which in turn made the fundraising efforts even more difficult.

Etergo had already implemented strict cost reduction methods and postponed costs over the past year wherever possible, while trying to ensure we could still achieve crucial milestones essential for future investability and business continuity.

Although we are grateful for the Dutch government stepping up and quickly introducing several financial COVID-19 measures, at this time Etergo unfortunately seems to have exhausted the measures it was eligible for.

Currently, the company is in an extremely difficult position from a liquidity perspective. We are working non-stop on a solution that could still allow Etergo to fulfil (part of) its mission. We have good hope, but with only weeks left our options are severely limited.

We’ll send an update as soon as we’ve been able to resolve this pressing situation and can give more clarity on the way forward.