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 a LinkedIn publish. 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. had been filed by the corporate and formally authorised this week by the District Courtroom of Groningen.
“We’re deeply saddened and disenchanted by this final result. It’s troublesome for us to simply accept that loyal workers, companions, and different stakeholders at the moment are dealing with uncertainty,” says van der Meulen.
Though the founders and shareholders are not operationally energetic inside Soly, they’ve spent the previous few days exploring alternate options to their present scenario.
In keeping with van der Meulen, the choice was made regardless of efforts in current days to suggest alternate options that would have prevented insolvency.
“Though we had been not operationally energetic inside Soly, as founders and shareholders, we’ve spent the previous few days doing every thing we may to seek out alternate options to this example. These alternate options had been additionally introduced. In the long run, a unique 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 accessible to everybody.
The founding duo was impressed at a younger age by Al Gore’s documentary “An Inconvenient Reality” and has since determined to make use of their entrepreneurship as a power for good.’
