NY Battery Startup Gets Interim OK For Ch. 11 Loan

By Emily Lever · January 29, 2025, 6:14 PM EST

A Delaware bankruptcy judge on Wednesday gave interim permission for lithium-ion battery maker iM3NY to access part of a $17.5 million Chapter 11 financing from its senior lender, along with a host...

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Bankruptcy Scorecard

Summary

Electric vehicle and renewable energy storage lithium-ion battery maker iM3NY filed for bankruptcy protection in Delaware, reporting around $136 million in debt after it wasn't able to drum up new funding for a battery production plant in New York.

Case Number

25-bk-10131

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$135.8 million

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