Electric motorcycle maker Ubco owes $36m, 'potential purchaser' in the wings

Ubco Limited and Ubco Holdings were placed into receivership in January. (Image: Supplied)

Tue, 25 Mar 2025

Tauranga-based electric motorcycle maker Ubco, which previously raised more than $45 million from investors before going into receivership, owes creditors $36m.Both Ubco Ltd and Ubco Holdings were placed into receivership in January.At the time, receivers Stephen Keen and David Ruscoe of Grant Thornton said: “As there is no funding available, the receivers have ceased to trade the business of the companies, and all employees have been terminated with immediate effect.”Their first receiver’s report said unsecured creditors were...

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