The electric motorbike company (Verge Motorcycles) owned by the same people also has such bad accounting/paperwork that they could not find an auditor willing to give an opinion.

https://yle.fi/a/74-20205916 (article in Finnish)

"According to the auditor's report, no opinion was given on the company's financial statements because sufficient audit evidence was not available."

The company claims to have a couple million in inventory but no system saying anything about what is in their inventory, 300k in revenue in Finland without any papertrail of it actually happening, 2.5 million in R&D without any explanation/papertrail on what it was spent on (salaries? materials? machines?), etc.

Also the company has taken really expensive loans from family members of the leadership (12% interest which is way over the market rate).