E-scooter rental enterprise experiences financial collapse
Max Mobility GmbH, a pioneering micromobility provider in Austria, has found itself in a challenging situation due to a series of disruptive events, primarily ransomware attacks that caused a severe production halt. This halt, which lasted from December 2024 to July 2025, resulted in massive financial losses, leading to the company's insolvency.
The insolvency proceedings were initiated late in 2024, and the company managed to make timely payments of a 30% quota on recognized creditor claims. The restructuring plan aims to pay the remaining creditor claims quota, restart production, and learn from successful models demonstrated by affiliated subsidiaries like KTM AG, who completed their restructuring in mid-2025.
Max Mobility's fleet currently comprises around 650 E-scooters, which it operates in several Austrian cities through an app-based rental service. However, the latest vehicle generation was not delivered during the spring and summer months, the prime revenue-generating seasons, but only in winter. This delay affected the company's revenue.
The insolvency is primarily due to existing liabilities, primarily from vehicle financing and loans from the shareholder. Despite the challenges, Max Mobility is committed to continuing operations and concluding a restructuring plan with its creditors.
It's worth noting that Max Mobility was one of the first providers in the field of micromobility in Austria, and it currently employs 18 staff members, most of whom are on a low-wage basis. The company's operations were severely restricted for months due to technical problems with the GPS modules of the vehicles, causing an economic loss of approximately 200,000 euros.
Max Mobility was founded in 2019 and has grown to become a significant player in the Austrian micromobility market. The company's revenue is weather-dependent, with the majority generated in spring and summer months. As the restructuring plan progresses, it will be interesting to see how Max Mobility navigates these challenges and continues to shape the micromobility landscape in Austria.
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