Battery manufacturer CustomCells files for insolvency proceedings of key operating entities in Germany - eVTOL Insights

Kiel - Once again, a company has to file for insolvency in Germany. This time, especially because a company from Bavaria was insolvent before. So it goes on for the approximately 200 employees.

The company from Itzehoe justifies the procedure with the problems of the electric aircraft manufacturer Lilium. Because this company is insolvent – and is the most important customer for CustomCells. IDer battery cell manufacturer CustomCells has filed an insolvency application for the main companies in Itzehoe (Kreis Steinburg) and Tübingen. This was reported by the company. The district court Kiel ordered a provisional insolvency administrati…

The battery technology company, which was founded in 2012 as a spin-off of the Fraunhofer-Gesellschaft, was not able to compensate for the defaults of a major customer – the insolvent air taxi developer Lilium since February. By June, the payment of the approximately 200 employees is still secured.Customcells, a company for the development and series production of special lithium-ion battery cells tailored to customer requirements, "has submitte…

The battery cell manufacturer Customcells is insolvent. The operation continues for the time being. The wages of the approximately 200 employees in Itzehoe and Tübingen are to be secured by June.

Battery manufacturer CustomCells files for insolvency proceedings of key operating entities in Germany - eVTOL Insights

German battery manufacturer said the decision stemmed from the insolvency and payment default of Lilium, its largest customer.

The bankruptcy of the flying taxi start-up Lilium is affecting its battery suppliers: Because Lilium failed to pay outstanding invoices amounting to millions, the battery cell manufacturer CustomCells has now also had to file for insolvency.