Batteries News

Blackstone Technology Battery start-up from Saxony is Broken up

battery startup

Blackstone Technology battery start-up from Saxony is broken up.

Batteries from the 3D printer: With this story, the company secured millions in funding, but filed for bankruptcy in June. The public prosecutor’s office is investigating, the insolvency administrator has not yet found a buyer.

A world first in batteries made in Saxony – this promise has cost governments and investors millions. The start-up Blackstone Technology from Döbeln in Saxony wanted to conquer the global market with batteries made from 3D printers.

So it failed: In June the company filed for bankruptcy, and now the Dresden lawyer Thomas Beck has spoken out, he is the insolvency administrator of Blackstone Technology.

Beck explained that 84 creditors had registered claims totaling 16 million euros. He would have negotiated with “well-known interested parties” about a complete takeover.

Thomas Beck said:

 In the end, no interested party submitted an offer for the Döbeln location.

That’s why the creditors’ meeting commissioned him to make the best possible use of machines and systems. “The aim is for a complete sale.”

Dummy for politicians?

With the battery story, Ulrich Ernst, head of the Swiss parent company Blackstone Resources, not only persuaded investors to invest in Blackstone shares. Above all, Blackstone has secured funding of over 30 million – from the Federal Ministry of Economics, the state of Saxony, Switzerland and the European Commission. Some of the money has already been paid out.

READ the latest Batteries News shaping the battery market

Scandal start-up from Saxony is broken up, December 18, 2023

batteries news

Get our LinkedIn updates!

Join our weekly newsletter!

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.