NY Battery Startup Hits Ch. 11 With $136M Debt, Sale Plans

By Clara Geoghegan · January 28, 2025, 11:20 AM EST

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...

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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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