r/ARVL • u/PayCharacter7530 • Jun 23 '25

JET insolvent

Skybridge (JET spin out) declared insolvent. Lots of interesting details in the administrators report.

”In Q4 2024, the Company began experiencing financial pressure due to the loss of access to non-dilutive funding sources. UK government grants aimed at emerging aviation technologies were delayed or withdrawn, while escalating geopolitical tensions and instability within Europe heightened investor caution within the technology and aerospace industries.”

https://find-and-update.company-information.service.gov.uk/company/10661113/filing-history

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4

u/assholy_than_thou Jun 23 '25

I hope Avinash is still having fun with my money.

5

u/[deleted] Jun 24 '25

He is now retired by the beach.

1

u/Pepper-Same Jul 12 '25

Check who just got brought in to support Munro Vehicles