San Antonio-based DeLorean Motors ReImagined has shuttered its headquarters

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Delorean Motors Reimagined News

San Antoniobased Ev Startup,Cease Operations,Bankruptcy Filing

San Antonio-based DeLorean Motors Reimagined — the startup that made headline-grabbing promises to bring back the '80s sports car featured in the Back to the Future film franchise as an electric vehicle — has shuttered its headquarters operation.

The move comes after the company failed to meet hiring goals needed to secure incentives from city and county officials.

The signage at DeLorean's building at Port San Antonio had been taken down as of a Monday morning visit, and the company's offices appeared abandoned. What's more, both phone numbers listed onreached out to DeLorean Chief Brand Officer Cameron Wynne, Chief Financial Officer Dean G. Hull and Chief Technology Officer Ben Marquart via company email addresses but got no response by press time.

The company booked orders for its Alpha5 EV car by selling none-fungible tokens, or NFT's, for $2,500 to $3,000 on its website as deposits. NFTs are unique digital assets that exist on a blockchain and can't be reproduced or edited. As of Monday, DeLorean had filed no petition with the San Antonio-based U.S. Bankruptcy Court for the Western District of Texas.

Jessica Serna, a partner at San Antonio-based KGB Texas, which once handled DeLorean's marketing and advertising, she couldn't comment on the EV venture's current situation since it's no longer a client. She didn't disclose when the agency stopped working with DeLorean.

 

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