Mobility
VanMoof, the ‘Tesla of e-bikes,’ declared bankrupt
The Dutch company saw a sharp rise during Covid lockdowns but also had to contend with a wave of complaints from dissatisfied customers
VanMoof, the electric-bicycle start-up that recorded a surge in sales during the Covid period, has been declared bankrupt after it found itself unable to repay loans from its backers.
A court in Amsterdam declared VanMoof’s Dutch legal entities bankrupt on Monday, the firm said in an emailed statement. Appointed trustees are investigating whether the activities of VanMoof can be continued by means of an asset sale to a third party.
Financiers who provided money to ...