In a shocking twist in Kenya's automotive scene, Mobius Motors bids farewell. What could be next for the 'Kenyan Mercedes' dream?
In a sad turn of events for the Kenyan automotive community, Mobius Motors, known for producing rugged, low-priced SUVs suited for African terrains, has officially called it quits after over a decade in operation. Founded a mere ten years ago, this pioneering company was once dubbed the 'Kenyan Mercedes' for its ambition to create reliable vehicles tailored for the rough roads of the continent. However, struggles with debts and tax disputes with the Kenya Revenue Authority have led to its untimely closure, leaving fans and supporters in shock.
The decision comes after shareholders appointed KVSK Sastry as the liquidator to begin the winding-up process of the firm. Nicolas Guibert, the company’s director, announced a creditors' voluntary insolvency notice, marking a significant blow to the aspirations of many who hoped Mobius would revolutionize the automotive industry in the region. For those keeping track, Mobius had been battling financial constraints for a while, and despite efforts to secure investments and reform its strategies, the pressure proved too much to overcome.
But is this really the end of Kenya’s automobile aspirations? While Mobius Motors may have taken a curtain call on its performance, the dreams of homegrown car production might just be waiting off stage for another act. There’s potential on the horizon and a thirst for innovation beyond Mobius. As the dust settles, other budding carmakers may take inspiration from Mobius's legacy and rise from the challenges it faced, turning setbacks into stepping stones.
Interestingly, while Mobius Motors might be shutting down, it sparked conversations around the importance of local manufacturing and the possibilities of creating an automotive hub within Africa. Moreover, did you know that Kenya is one of Africa’s leading producers of tea and coffee? Perhaps there’s a future where coffee-powered vehicles cruise the rugged roads just as clearly as their fuel-efficient predecessors! Meanwhile, let’s raise a toast to the bold journey of Mobius Motors – may it inspire future innovators who are itching to hit the road less traveled!
NAIROBI, Aug 6 (Reuters) – Kenya's Mobius Motors, which started making rugged, low-priced SUVs designed for Africa's roads a decade ago, has decided to stop ...
The shareholders also resolved to appoint KVSK Sastry as the liquidator to wind-up the Company.
Its exit comes on the back of debts and tax disputes with the Kenya Revenue Authority.
Kenyan automobile company Mobius Motors is closing down. The company's director Nicolas Guibert issued a creditors' voluntary insolvency notice on Monday, ...
Kenyan based automaker, Mobius Motors, backed by Playfair Capital has entered a voluntary liquidation after nearly a year of rescue efforts failed.
NAIROBI, Kenya, Aug 6 - Kenyan vehicle manufacturer Mobius Motors is set to close Kenyan business after its shareholders approved plans to place the firm ...
Kenya's first vehicle maker Mobius Motors has announced its decision to close down citing financial constraints.
Mobius Motors, a Kenyan based vehicle manufacturer and assembler, is winding down operations under the Insolvency Act after it failed to surmount its ...
“At a meeting of the Shareholders held on 5-Aug-2024, it was resolved to place the company under liquidation as per section 393(1) (b) of the Insolvency Act and ...
Vehicle manufacturer and assembler Mobius Motors has gone into voluntary insolvency, 13 years after it was founded.
Completed in 2024 in Kanchanaburi, Thailand. Images by W Workspace. Kaew Boutique is designed to accommodate tourists, families, and pets.
Kenyan automobile assembly company Mobius Motors has announced it is going into liquidation after struggling with debts.
The firm through a notice has since appointed KVSK Satstry as the liquidator. “At a meeting of the shareholders held on 5, August 2024, it was resolved to place ...
The firm through a notice has since appointed KVSK Satstry as the liquidator. “At a meeting of the shareholders held on 5, August 2024, it was resolved to place ...
Nicolas Guibert, Chief Executive Officer at Mobius Motors poses for a photo on July 11, 2023 at Sameer Park Nairobi. Photo credit: File | Nation Media Group.
Principal Secretary in the State Department for Investment Promotion Abubakar Hassan Abubakar has announced efforts to rescue Kenyan car manufacturer Mobius ...