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2023-09-18 12:30:03

It is with great regret that we are announcing that the Company (“NewGen Global Ltd”, or the “Company”) has ceased trading with effect from 1 September 2023. Despite our best efforts we have been unable to raise the necessary funds that would have enabled the Company to survive in the current macroeconomic environment. Without this cash injection we are unable to meet our debts as they fall due and have been left with no choice but to appoint an insolvency practitioner.

We want to thank you all for supporting us on our journey and sharing our vision of offering a greener, more comfortable and effective way to travel. Quantuma Advisory Limited have been engaged to assist in placing the business into liquidation and all enquiries with regards to the Company should be addressed to Marius Pitulac ( or 0117 428 7400) in the first instance.

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