Tritium insolvent, calls in administrators

Australian EV charging manufacturer Tritium continues to circle the drain, having called in KPMG as administrators because it has declared itself insolvent because it hasn't got enough money to pay its bills. No other details were added to the Nasdaq announcement. As much as Tritium copped a lot of shit for their unreliable chargers and poor after-sales support, it does suck to see an innovative Australian company actually making things here that the world was frothing over, fizzle out like this at the hands of Wall Street fatcats that in hindsight, pushed it too hard, too fast.