British bike brand Dassi, the first company to use graphene in the construction of a bike frame, has entered liquidation, following a resolution for the company to be wound up on 29th January under the Insolvency Act 1986.
The company has entered liquidation, and appointed a voluntary liquidator, Antony Batty & Company LLP, following a meeting of creditors on 20th January, according to a set of notices in the UK's official record publication, the Gazette.
Dassi bikes became well known as a homegrown carbon frame manufacturer, using F1 technologies and facilities to build the Interceptor carbon frame in the UK. Cyclistvisited Dassi in 2016 and saw first-hand the production process being used at an F1 factory in Banbury.
Later, the brand became the first to use graphene within the carbon frame itself, and initially charged £5,995 for a frameset that included the graphene technology, the Interceptor Graphene.
In recent months, Dassi had unveiled a set of graphene disc rotors. Company founder Stuart Abbott claimed the first attempt at a rotor weighed only 16.9g.
The brand suggested that the rotors would be launched in Q1 2020. The company winding up casts doubt on whether these rotors will ever reach the market.
Dassi’s website is still active, but it is unlikely the brand will take new orders after the resolution to wind up. The company’s statement of affairs lists £33,109 of stock, which may be sold during the liquidation process.
We have contacted appointed liquidators Antony Batty & Company LLP for comment and await a reply.