Fast-charger manufacturer Tritium is insolvent

Australia-headquartered EV fast-charging company Tritium DCFC has declared insolvency.
By Liam McLoughlin May 3, 2024 Read time: 1 min
Tritium designs and manufactures proprietary hardware and software to create DC fast chargers for EVs. Image: Tritium

The Nasdaq-listed manufacturer made a filing in April with the US Securities and Exchange Commission stating that the company and three of its Australian subsidiaries (Tritium Pty Ltd, Tritium Holdings Pty Ltd and Tritium Nominee Pty Ltd) were insolvent or likely to become insolvent.

Brisbane-based Tritium has appointed KPMG as administrator. The company has business in more than 40 countries and has operated a US EV charger factory factory in Lebanon, Tennessee since 2022. The factory also exported chargers to Europe and the Asia Pacific region.

Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create DC fast chargers for EVs. The company has so far made no public statements regarding the insolvency and whether there are any potential buyers.

Hardware/software for AC and DC chargers Company News

For more information on companies in this article

Related Content

  • November 8, 2024
    Trump victory poses questions for EVs and charging infrastructure rollout
    Following the Biden-Harris administration, which was highly-supportive of EV adoption and charging infrastructure, this week’s US presidential election victory by Donald Trump raises a number of issues over the industry’s future.
    Read More
  • April 14, 2023
    Is EV charger uptime beyond 97% a reasonable goal?
    The word “uptime” has generated a great deal of conversation in the US EV charging industry. The U.S. Federal Highway Administration has mandated “that each charging port must have an average annual uptime greater than 97 percent.” The target has been established, and now it’s up to the industry to meet it. Pete Kennedy reports.
    Read More
  • June 19, 2023
    E-Tech Europe 2023 event proves major success
    This year's second edition of E-Tech Europe, the only trade show in Italy dedicated to solutions and technologies for EV production and the recovering and recycling of batteries, has proved a great success with more than 3,300 visitors attending the two-day event in Bologna on April 19 and 20.
    Read More
  • January 22, 2024
    Key steps to make EV fleet adoption move even faster
    The EV industry is continually buzzing about adoption – much of it geared toward passenger vehicles. Will the public buy in, literally and figuratively? Are EV purchases on track? Will consumers overcome the anxiety that their vehicle’s battery charge will be insufficient to complete a journey or that there will not be enough charging stations on the way to their destination? As these questions are being asked about passenger vehicles, fleets are quietly moving toward EV adoption.
    Read More

Highlighted Content