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Tritium, one of the world’s largest fast EV charger manufacturers, has filed for insolvency and is looking for a buyer, putting into doubt the future of its operations. With over 14,500 fast chargers sold across 47 countries (December 2023), including significant market shares in the US, Australia, and Europe, Tritium is a major player in the industry. However, its recent financial woes, marked by a plummeting share price and insolvency filing, raise questions about how it reached this point.
An overview of Tritium
Originally based in Brisbane, Australia, Tritium floated on the NASDAQ in early 2022, with a valuation of USD2 billion. Tritium supplied fast chargers to major charge point operators (CPOs) across Europe, North America and Australia, counting players such as ChargePoint, BP, and Ionity among its clients.
In 2022, it opened a…
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