Blackstone Technology has caused quite a stir in recent years. The start-up promised to use 3D printing to produce batteries in series production in a cost-effective and resource-saving manner. But the success story was too good to be true. In the summer, Blackstone filed for insolvency.
As WirtschaftsWoche reports, the 84 creditors are demanding around 16 million euros. The insolvency administrator of Blackstone Technology declared that the production facilities would be put out to tender. No buyer was found for the entire site in Döbeln.
Blackstone may have grossly overestimated its technological capabilities. The public prosecutor’s office is investigating subsidy fraud. Blackstone secured a total of over 30 million in subsidies. Funding came from the German Federal Ministry of Economics, the state of Saxony, Switzerland and the European Commission.
WirtschaftsWoche also suspects that series production of batteries from the 3D printer probably never took place in Döbeln. There are said to have been problems with the plant. WirtschaftsWoche published a detailed report back in May.
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