Overview
- Nextmove opened an insolvency proceeding in self-administration that began on Monday, June 1, after the company filed for protection in April and said it will continue operating while it restructures.
- Company officials and court filings blame an overconcentration on electric transporters—largely Chinese-made Maxus vans—for causing payment problems and the resulting cash squeeze.
- Attorney Marlon Foit was appointed as the court’s Sachwalter to supervise the restructuring while existing management leads the reorganization effort.
- Nextmove runs eleven sites across Germany and about 400 electric vehicles, and it says customers should see no immediate disruption while THG‑quote payouts remain handled by partner Carbonify.
- The case echoes wider stress in the car-rental sector, following earlier insolvency at Starcar and reported losses at Europcar, and could prompt further consolidation or shifts in fleet strategy among rental firms.