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Rescue for Scantinel Photonics: But 10 jobs are lost!
Scantinel Photonics from Ulm has filed for bankruptcy. A buyer has been found, 10 jobs are affected. Future uncertain.
Rescue for Scantinel Photonics: But 10 jobs are lost!
Scantinel Photonics GmbH, an up-and-coming start-up from Ulm, has reached a dramatic turning point. After the company filed for bankruptcy in August, the official bankruptcy process opened on October 1st. Meanwhile, there is relief that a buyer has been found. But not all employees can count on this success. Mercury reports that of the original 50 employees, only 22 will be taken on by the buyer, a consortium from Europe and the USA. This means that 10 employees will have to lose their jobs.
On August 6th, the Ulm district court ordered preliminary insolvency proceedings and appointed Georg Jakob Stemshorn from the PLUTA law firm as preliminary insolvency administrator. Despite these challenges, business operations continue and employees' salaries are secured by insolvency money for three months. This is particularly important because the bankruptcy resulted from liquidity problems and a crucial financing round did not materialize. The technology Scantinel is developing deserves particular attention: FMCW LiDAR technology, considered key to the next generation of autonomous vehicles, could be seen as valuable at a time when the European automotive industry is under pressure. Further information on this is provided t online ready.
A look at the challenges for start-ups
Start-ups like Scantinel often face major challenges. According to information from Statista These young companies usually have little start-up capital and are heavily dependent on external sources of financing. What is particularly noteworthy is that the number of insolvencies and liquidations of German start-ups has increased since 2021. There were 279 bankruptcies in 2024, an alarming increase compared to the previous year.
The crisis in the automotive industry has affected many companies, and Scantinel is unfortunately no exception. CTO Andy Zott has emphasized the opportunities and potential of his technology, while the team remains fully motivated. The challenge of finding an investor shows how important it is for start-ups to present innovative solutions and achieve financial stability.
It therefore remains to be seen whether the new investors, once announced, can help to sustainably stabilize the company and secure the remaining jobs. The industry will be watching closely to see how the situation surrounding Scantinel Photonics develops.