Only four months after Australian electric vehicle charging pioneer Tritium went into administration, the firm has been purchased by the Dutch subsidiary of an Indian rival, providing hope for a return to manufacturing. Tritium declared itself insolvent in April, calling for an administrator to be appointed just five months after shuttering its Brisbane facility to consolidate manufacturing operations at its Lebanon, Tennessee plant in the US.
” Tritium was founded in 2001 in Brisbane as an engineering consulting firm, and in 2013 introduced its first DC fast charger. By 2020 it had become a leading provider of DC chargers with a claimed 15 per cent global market share, and the backing of coal barons Trevor St Baker and Brian Flannery. The next year saw a successful Nasdaq stock listing, which had Tritium valued at $2 billion.
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