Despite promising contracts and claims of superior technology compared to competitors like Tesla, Lithuanian Vėjo projektai, the company behind the Dancer electric buses, has fallen into bankruptcy, according to a post shared by its co-founder Alvydas Naujekas, ain reported. Not being ready for the pandemic-caused crisis, the company has started its restructuring and began its collaboration with the investment fund NuCapital in July 2022, when the fund lent €1.8 million to Vėjo projektams.
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