With 1.1 billion yen ($13.35 million) in liabilities and unable to get further financing, 70 of the company's workers were dismissed this week, leaving only a few to tie up loose ends. For the fiscal year ending last August, Zerosports recorded a loss of 359 million yen ($4.36 million) on 553 million yen ($6.71 million) in sales.
For those who really wanted to see electric post delivery vehicles doing their thing in Japan there is still some amount of hope. Despite experiencing its own huge financial losses, Japan Post services says it still aims to add EVs to the postal fleet in the future.
[Source: Nikkei – sub. req.]