Source: Bankruptcy Observer | On October 16, 2024, FUELL INC. (Wisconsin), filed for Chapter 7 bankruptcy with the US Bankruptcy Court for the Eastern District of Wisconsin under case number 24-25492. This marks a major step in the company’s efforts to restructure its finances. According to court documents, FUELL INC. is seeking relief from its debts through this bankruptcy filing and Judge Katherine M. Perhach will oversee the proceedings. The company’s primary address for all correspondence and filings related to the case will be 1012 Main Street, Mukwonago WI. A hearing has been scheduled to confirm the bankruptcy plan, which is expected to provide more information on the company’s financial responsibilities and restructuring plans.
According to its bankruptcy filing, FUELL INC. predicts that there will be enough assets in the estate to provide payment to unsecured creditors.
The first time that we wrote about Fuell was in March 2019: Official press release New York, Paris – 4 March, 2019 | “Erik Buell, the creator of Buell Motorcycles and a renowned engineer, has joined forces with Frédéric Vasseur, the team principal for the Alfa Romeo Formula 1 team and founder of Spark Racing Technology (which designs Formula E race cars), and Francois-Xavier Terny, an entrepreneur passionate about industrial projects. Together, they have united to provide a fresh perspective dedicated solely to urban riders.”
It is very sad to hear that we are once again losing a manufacturer of electric motorbikes…
