Contact

Charges filed against eZelleron’s Kühn

By

April 5, 2018

Image titel:

Sources:

Charges filed against eZelleron’s Kühn

In April 2016, eZelleron, a German startup, filed for bankruptcy protection (see H2-international, August 2016). Now, its former CEO, Sascha Kühn, was charged with violating accounting principles, committing fraud and deepening the company’s insolvency, the Dresdner Neueste Nachrichten newspaper has reported. Kühn left Germany for the United States to head kraftwerk Inc. and eZelleron Inc. based in Silicon Valley. He is alleged to have filed balance sheets too late and not petitioned the court for bankruptcy protection in due time, despite knowing about the impending liquidity shortage because of his position in the company. The prosecution further claimed that he had put intellectual property in the hands of his parents. Kühn disagreed, saying that those patents had only been used as collateral, but that they were still owned by the German business.

Kühn also said that he had reached an agreement with the trustee. Whether the many customers who crowdfunded the startup will ever get their chargers is anyone’s guess at this point. Kühn told the Bild, another German newspaper, that the devices “will definitely be put on the market, but there is no set timetable for their launch. First, we will need to find new investors.”

Advertisements

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Mar 18 2024

Search for the ideal hydrogen storage

Interview with Thomas Korn, CEO of water stuff & sun Startup company water stuff & sun has...
Mar 15 2024

Is exponential growth slowing down?

Fuel Cell Industry Review 2022 Year 2022 saw fuel cell shipments creep up over 2021 numbers,...
Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...
Feb 28 2024

H2Direkt: Blueprint for heating with pure H2

The energy providers Thüga und Energie Südbayern (ESB) as well as Energienetze Bayern have...
Feb 26 2024

Just switch over?

Hydrogen in the existing natural gas network Whether hydrogen contributes to the clean heating...
Feb 26 2024

Pilot plant for coating bipolar plates

At Fraunhofer FEP (Fraunhofer-Institut für Organische Elektronik, Elektronenstrahl- und...
Feb 20 2024

55 MW electrolyzer to decarbonize Saarland

Hydrogen Regions series: HydroHub Fenne living lab The power plant site in Fenne, Völklingen, a...
Feb 20 2024

Chicken feathers as FC membrane material

Feathers from chickens or other poultry could in the future help make fuel cells more effective...
Feb 15 2024

SMEs demand more security

Guest article by André Steinau, CEO of GP Joule Hydrogen After all, the Ampel Coalition leading...
Feb 15 2024

Accelerated expansion of renewable energies

RED III is here – Elsewhere, the wait continues Progress is being made at EU level – albeit...
Feb 12 2024

Picea 2 relies on lithium instead of lead

HPS presents new product generation The company HPS Home Power Solutions has unveiled a new...
Feb 12 2024

H2 production by photocatalysis

The direct generation of hydrogen from sunlight has long been considered the most elegant solution...
Feb 05 2024

Regional instead of international

Hy-Fcell has it difficult asserting itself The aspiration of Landesmesse Stuttgart with Hy-Fcell...
Feb 01 2024

Hydrogeit Verlag turns 20 years old

Hydrogeit Verlag is proudly celebrating its 20th anniversary as a renowned specialist publisher in...
Jan 26 2024

Stracke other H2Now managing director

BMV Energy GmbH is entering the market as another player in hydrogen refueling stations. The...
Jan 26 2024

Starting points for a comprehensive hydrogen ramp-up

Industry congress GAT 2023 in Cologne To establish a functioning hydrogen economy, the entire...
Jan 26 2024

The industry highpoint in autumn

Hydrogen Technology Expo total success In autumn 2023 as well, the Hydrogen Technology Expo was...

3 Comments

  1. Arno A. Evers

    I still wonder, how it could be, that so many people believed in the nonsensical promises of Mr. K. for such a long time.
    That they were willing to pay their own money on that bet speaks not really for their foresight.
    Now I also wonder, which next hype will again be followed by too many.
    Although the one and only way is clear, which we all eventually have to go.
    Just listen to my words since 1995. Or read them.
    Thanks.
    https://www.youtube.com/watch?time_continue=2&v=SNIa6MQYLfs

    Reply
    • Chris

      Dear Arno A. Evers, it is normal that you take a risk in investing on a platform like KickStarter or IndieGoGo but that these platforms just transfers large sums of backers money without any garantees or product plan from the projectteams, is for me a riddle.

      I will never invest anything on kickstarter or IndieGoGo anymore just because these platforms are nothing more then only facilitating a bulletin board for the projects.

      So as long as I don’t see any garantees from either of these platforms or the projectteams products, I think crowd funding will be less and less popular.

      This has nothing to do with a hype or whatever just a platform taking the correct responsibilities for their backers.

    • arno A Evers

      yes, that`s true in Theory, thanks, Chris;
      but has not much to do with criminal intentions by the initiators who are using such money collection tools for their own benefit(s).

Leave a Reply