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Assets of Electric Vehicle Manufacturer Business

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Listing Information


Assets of Electric Vehicle Manufacturer Business

Price: $8,000,000.00

Other Item Info
Item #: vaebke_684575
Created: 03/12/2019
Category: Business Property > All Assets or Going Concerns > Automobiles & Parts
Sale Date: Tue. Apr 16, 2019
Seller Info
Kristen E. Burgers
Debtor's Attorney
8270 Greensboro Drive Suite 700
Tysons Corner, VA 22102
Bankruptcy Info
Case #: 1:18-bk-10651
Case Title: GreenTech Automotive, Inc.
Court: Virginia Eastern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents


Sale of assets of GreenTech Automotive, Inc. which includes:

  1. All real and personal property owned by GTA including that certain real estate located in Robinsonville, Tunica County Mississippi, consisting of 99.5 acres, more or less, owned by GTA and on which GTA constructed and fitted out a manufacturing facility for automobiles;
  2. The JSAT Interest which is held indirectly by WMIC and which was received by GTA in exchange for the conveyance of its rights in the MyCar intellectual property and certain engineering assistance to JSAT;
  3. Litigation claims, if any, that exist, and have not been settled or released, as of the Closing Date, excluding avoidance actions pursuant to Chapter 5 of the Bankruptcy Code;
  4. All assets of Gulf Coast Funds Management, LLC, a Louisiana limited liability company, which is a wholly owned subsidiary of WMIC;
  5. All Accounts Receivable, Intellectual Property, Intellectual Property Licenses, and all other tangible or intangible assets of any of the Sellers.

Additional Details

Minimum bid: $8,500,000.00

Bid increment: $100,000.00

Bid deadline: April 8, 2019

Other Information

Terms and Conditions:

See Attached.

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