Inzile
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Inzile was a Swedish technology company founded in 2012 that manufactured intelligent electrically powered work vehicles and transport solutions for sustainable cities. Its products included the Pro4 electric light truck for real-estate, logistics and municipal customers, and the later EVI platform. Inzile also offered Vehicle as a Service (VaaS), a circular subscription model covering the whole product life cycle. Listed on Nasdaq First North Growth Market Stockholm, the company had R&D in Tranås and production in Västervik. Inzile AB (publ) was declared bankrupt on November 7, 2022.
02 / Inzile FAILURE REASONS
Failure factors
board filed bankruptcy because it could not resolve a strained financial situation — ~SEK 50m bridge loan matured and the company lacked funds to pay the loan and accrued supplier invoices.
Could not repay matured ~SEK 50m bridge loan.
No available funds for loan and accrued supplier invoices; strained finances unresolved.
03 / EVENT HISTORY
Events in the structured record
- Bankruptcy
Stockholm District Court granted bankruptcy application; Karl Björlin (Cirio) appointed bankruptcy trustee. Same-day filing PR states bridge-loan insolvency. Cirio later marketed estate asset sale.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Inzile raised capital from investors, including a directed share issue of up to approximately SEK 11 million, and was listed on Nasdaq First North Growth Market Stockholm.
- 02
On November 7, 2022 Inzile AB (publ) was declared bankrupt, with Karl Björlin appointed as official receiver.
- 03
The bankruptcy estate offered the business assets — the Pro4 and EVI/Starfish platforms, vehicles, spare parts, machinery and the registered brand — for sale debt-free; no final sale outcome was publicly disclosed.