British electric truck manufacturer Tevva Motors has filed for the appointment of an insolvency administrator in an effort to secure time to find new investors while under creditor protection, writes Lizzie Hughes.
The filing comes approximately six months after the company’s attempted merger with Canadian vehicle manufacturer ElectraMeccanica failed.
Since then, Tevva has reached out to various investors and companies, seeking a new merger partner, but has not yet finalised any deals. The company aims to use creditor protection to continue these efforts.
