Essex-based start-up Tevva Motors has filed a notice to appoint administrators after failing to secure further investment.

The move follows a failed deal with US-based vehicle manufacturer ElectraMeccanica.

By issuing the notice, the group is temporarily protected by the law from its creditors, allowing it time to search for extra cash.

Tevva has since re-engaged with a number of investors and public companies looking for a merger.

“Despite positive customer interest in Tevva and its products, current global economic conditions have created a challenging environment for electric vehicle startups,” the company said in a statement.

“As a consequence, we have filed notice of intent to enter administration with the court while the board is pursuing investment that secures the future of the company.”

Production of the company’s 7.5-tonne electric trucks started last year at its plant in Tilbury, Essex. Tevva secured contracts to supply vehicles to Royal Mail and Travis Perkins.

The electric truck has a range of 225km and is set to be joined by a version fitted with a hydrogen fuel cell.