Groningen, Netherlands-based Soly, a world photo voltaic power firm, has been declared bankrupt.
The announcement was made by the co-founder, Milan van der Meulen, by way of a LinkedIn submit. The announcement comes over a 12 months after elevating €30M in funding led by ArcTern Ventures.
The chapter petitions for Soly Holding B.V. and Soly NL SSC B.V. have been filed by the corporate and formally authorised this week by the District Court docket of Groningen.
“We’re deeply saddened and disenchanted by this consequence. It’s troublesome for us to just accept that loyal workers, companions, and different stakeholders are actually dealing with uncertainty,” says van der Meulen.
Though the founders and shareholders are now not operationally lively inside Soly, they’ve spent the previous few days exploring options to their present scenario.
In response to van der Meulen, the choice was made regardless of efforts in latest days to suggest options that might have prevented insolvency.
“Though we have been now not operationally lively inside Soly, as founders and shareholders, we’ve got spent the previous few days doing the whole lot we may to seek out options to this example. These options have been additionally introduced. Ultimately, a special resolution was made by administration and the opposite shareholders. Even on this new scenario, we stay keen to actively discover potentialities for a (partial) restart,” provides van der Meulen.
Based to make photo voltaic power accessible
Soly was based in 2013 by brothers Patrick and Milan van der Meulen to make photo voltaic power out there to everybody.
The founding duo was impressed at a younger age by Al Gore’s documentary “An Inconvenient Fact” and has since determined to make use of their entrepreneurship as a pressure for good.’
