Rexcar is insolvent after only half a year

The car auction platform Rexcar had to file for insolvency. The start-up last had twelve employees.
After half a year, Rexcar has to announce the end. On Monday, insolvency proceedings were opened at Ingolstadt District Court. Alexander Raab was appointed as insolvency administrator. The application was already filed in November 2020.
Rexcar had only been launched in July. The goal was to market cars among dealers and car dealerships more easily via a platform. The start-up promised an all-round carefree package for just under 250 euros a month. Rexcar focused on the used car market in Germany, but early on it targeted expansion into the Czech Republic, Austria and Poland. In September, managing director Tibeau Grüßen reported to the online portal Autohaus that they had signed up 1,800 subscriptions in two months. The website has already been deleted, as has the entry in the commercial register.

Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?