An electric vehicle manufacturer plunged into receivership, an external form of administration, having been in business since 2012.

Brisbane automotive manufacturer BossCap has been placed into receivership, with all operations suspended, Yahoo Finance reported. The company was Australia’s first all-electric vehicle upfitter and was leading the charge in converting electric vehicles from left to right-hand drive, it was also said.

Established in 2012 in Brisbane, the company was a vehicle import company which later expanded into engineering and manufacturing, and was the parent company of AUSEV and Advanced Manufacturing Queensland.

The company has now been placed into receivership, after a “sudden change in global production strategy from Ford,” Yahoo Finance also added.

A statement from the receivers quoted by Yahoo Finance read: “We regret to advise that the BOSSCAP Group was placed into receivership on 17 March 2026. Accordingly, operations have been suspended whilst the Receivers undertake an assessment of the business. At this stage, BOSSCAP is unable to undertake warranty repair works.” Mark Holland and Anthony Connelly of McGrathNicol were appointed receivers and managers. BossCap announced in July last year that it would adapt Tesla’s Model Y to make the EV compliant for use in the mining industry.

“With Labor reaffirming its commitment to net zero and a more aggressive Safeguard Mechanism, mining operators have a clear choice: evolve or fall behind. Our electric ute gives them a practical, compliant, and future-proof path forward,” BossCap Group CEO Edward Kocwa said at the time, Yahoo Finance reported.

The company also announced a partnership with Hyundai Motor Company Australia to adapt its XCIENT Fuel Cell hydrogen truck to suit Australia’s road conditions and regulatory standards, the same outlet said.

It also explained how BossCap had deals with airports and mining companies across the country, along with partnering with the UN via a local dealer in Samoa to get vehicles to act as back-up generators for homes.

BossCap Group CEO Edward Kocwa is a well-known name in the American football college circuit. He then entered the car manufacturing space.