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𝐅𝐮𝐞𝐥𝐥 𝐚𝐬𝐬𝐞𝐭𝐬 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐞𝐝 𝐚𝐬 𝐜𝐫𝐨𝐰𝐝𝐟𝐮𝐧𝐝 𝐛𝐚𝐜𝐤𝐞𝐫𝐬 𝐞𝐱𝐩𝐫𝐞𝐬𝐬 𝐝𝐢𝐬𝐚𝐩𝐩𝐨𝐢𝐧𝐭𝐦𝐞𝐧𝐭
Fuell Inc., an e-bike and e-motorcycle brand, is auctioning its remaining assets following its Chapter 7 bankruptcy last October. The company raised nearly $1.5 million through crowdfunding for its Flluid 2 and Flluid 3 e-bikes. Disappointed backers objected to plans to abandon unsold assets, advocating for auctioning instead. A Wisconsin bankruptcy judge approved the auction, prioritising payments to the auction house and creditors before any proceeds reach backers. Source: https://www.bicycleretailer.com/industry-news/2025/08/08/fuell-assets-go-auction-disappointing-crowdfund-backers
Lior Bazak - Founder and CEO of Green Speedy
#GreenSpeedy #ebike #sustainabletransport #micromobility #urban-mobility
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