On August 01 2017, German crowdfunded open access operator, Locomore, opened insolvency proceedings and cancelled all of its services between Berlin and Stuttgart until further notice.
The company said in a short statement on its website that it is still trying to find a positive solution for train traffic.
Almost 18 months ago we ran a feature about a start-up company, Locomore, who wanted to get a crowdfunded train up and running between Berlin and Stuttgart (via Hanover and Frankfurt), Germany, once a day in each direction.
In the first four weeks of operation, the service had been used by 25,000 passengers, with some trains receiving demand that exceeded capacity.
In May, in a statement on the company’s website, Locomore announced that despite seeing growth in ridership and revenue per passenger, it was “not fast enough to be fully-cost effective”, leaving them no choice but to file for insolvency.
Locomore did initially continue to operate some services while it looked for new investors.
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