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.
