Dutch company Voitures Extravert wanted to convert classic Porsches into electric cars. Now they have run out of money and closed the business after going bankrupt.
Voitures Extravert, the Dutch company that specialized in converting classic Porsche cars into electric vehicles, has gone bankrupt.
The company, which attracted attention with its vision of combining classic design with modern technology, is now turning the corner after a series of challenges.
The bankruptcy comes after a period of financial difficulties. The company had difficulty raising the necessary capital to invest in production and marketing.
According to the Dutch themselves, this has limited their ability to scale up the business and meet the increasing demand.
Voitures Extravert introduced itself to the market in 2018 with the Quintessenza model. The car was based on classic Porsche cars from the 70s and 80s, which were converted with an electric drivetrain and a bodywork that imitated older Porsche models.
The concept of combining classic aesthetics with modern technology attracted great interest. However, the project turned out to be more complicated than expected.
The company encountered delays and quality issues that made it difficult to deliver the cars on time and meet customer expectations.
Martijn van Dijk, co-founder of Voitures Extravert, acknowledges that the company had internal challenges. In an interview with Dutch RTL Nieuws , he stated that they had a "patch-and-fix" mentality and that it put a damper on the entire business.
The bankruptcy means that production of the classic electric cars has been halted. The Dutch only managed to build five cars.
Despite the bankruptcy, Van Dijk has not given up hope of reviving the company. He expresses a desire to resume production of the Quintessenza and Quintessenza RS models in the future. But for now, the dream of giving classic Porsches an electric life is on hold.
The bankruptcy is a reminder of the challenges facing many companies in the automotive industry. The combination of high innovation, complex technologies and a competitive market places great demands on both capital and efficiency.
It is still unknown what the future holds for Voitures Extravert. But the bankruptcy marks a temporary end to an ambitious project. However, some bankruptcies also mean a new beginning.
This has happened, for example, to a small British brand that, with Ford's approval, wanted to build new versions of the classic Mustang from the 60s. Read more about it here .
