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Ah thanks, the starting cash position was $120m post IPO and redemptions.SPAC
usually hardware. I've heard of various issues. Capacitor failures mainly. Other failure modes include breakers tripping and environmental factors such as heat and humidityDoes anyone know what goes wrong with failed DC chargers? Software or hardware?
Ive also heard poor post installation service or non existent service agreements??usually hardware.
Definitely can't rule this out. But as I continue to point out to people, I know of brand new Tritium locations that have failed within two weeks of commissioningIve also heard poor post installation service or non existent service agreements??
Think it was more the SPAC investors who redeemed.. which generally means they thought the effective price paid for Tritium was too high (proven right).Ah thanks, the starting cash position was $120m post IPO and redemptions.
What did Decarbonisation know that the rest didnt?
It did however have a large amount of inventoryThe Company also maintained cash and cash equivalents of approximately $29 million at June 30, 2023, compared to $71 million for the same timeframe in the previous year. The Company maintained approximately 160 million common shares outstanding and total borrowings of $195 million at June 30, 2023, of which $127 million consisted external borrowings and $68 million consisted of related party borrowings from shareholders.
It did however report a slightly positive gross margin for the six months to June 2023, albeit still a long way from profitability.Tritium has inventory assets valued at $140 million at June 30, 2023, comprised of finished goods, raw materials, and work-in-progress
Some would get swapped out promptly with other hardware from more reputable vendors. Kempower. Ingeteam. Whoever can get supply and parts into the country promptly.I wonder what will happen to the servicing of all the Tritium chargers if they go belly up.
Would certainly not be good for charging infrastructure in Australia.wonder what will happen to the servicing of all the Tritium chargers if they go belly up.
I strongly suspect the maintenance arrangements of the owners are the biggest factor no matter what the brand.
Even Superchargers fail, they just seem to get onto it pretty quickly.
Even Superchargers fail, they just seem to get onto it pretty quickly.
To be fair, the Supercharger network is also the most expensive DCFC network in Australia.They fail rarely from what I've seen and are handled like critical infrastructure when they do.
Which brings up the old point, you get what you pay for.To be fair, the Supercharger network is also the most expensive DCFC network in Australia.
To be fair, the Supercharger network is also the most expensive DCFC network in Australia.
cheapest to install thoughTo be fair, the Supercharger network is also the most expensive DCFC network in Australia.
Plenty of Tesla owners will drive straight past a perfectly good 350kW Tritium and then wait in line to share 130kW at a more expensive Supercharger, just because the car told them to!