Kenyan automaker, Mobius Motors, has announced its impending closure. The company has initiated liquidation proceedings and appointed KVSK Satstry as the liquidator.
“A shareholders’ meeting held on August 5, 2024, resolved to place the company under liquidation as stipulated in Section 393(1)(b) of the Insolvency Act,” said Nicholas Guibert, Director of Mobius Motors Kenya. “We have appointed KVSK Satstry as the liquidator to oversee the winding-up process.”
A creditors’ meeting is scheduled for mid-August at the company’s Nairobi headquarters to discuss the liquidation process. Creditors can inspect a list of names and proxy forms starting from August 9, 2024, at the company’s offices.
Established in 2011, Mobius Motors focused on manufacturing Sports Utility Vehicles (SUVs) tailored for African terrains. The company launched its first vehicle, the Mobius II, in 2015, followed by the next-generation Mobius II in 2019 and the Mobius 3 in 2021.
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