Based out of Helmond, the Netherlands, Big Ass Battery is a high-tech scale-up that creates and manufactures energy storage systems.
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On Tuesday, September 9th, the East Brabant court announced that Big Ass Battery (BAB) and its related businesses were bankrupt.
Before the official ruling, all Big Ass Battery clients received a short letter about the situation, reports Bouw Machines.
Earlier this summer, they had been informed about payment issues with a customer and financial trouble within the holding company.
As a result, the director of BAB Rentals has now also filed for bankruptcy.
We at Silicon Canals reached out to the company for a statement. However, at the time of writing, we have not received any reply. Nevertheless, we promise to keep our readers updated.
The news comes one month after the official sponsorship of Helmond Sport was announced.
Additionally, in March, the company welcomed Philippe van Esch as a new investor. He acquired a majority stake in the company, creating a positive outlook for its future.
Big Ass Battery: Offers portable, clean energy storage devices
Founded in 2021 by Guido de Jong, Big Ass Battery offers portable, clean energy storage devices for use off-grid at building sites, major gatherings, or for the heavy-duty charging of electric vehicles.
Big Ass Battery is used to target commercial buildings, the farming industry, and solar parks that want to store solar energy and/or cause grid congestion, and as a result, want to exchange energy on different markets.
Additionally, the company also provided grid strengthening services for commercial buildings with inadequate grid connections.
