VanMoof e-bikes is bankrupt

It’s the tip of the street for VanMoof as we all know it. | Photograph by Thomas Ricker / The Verge

VanMoof — the impartial e-bike maker that after bragged about being the “most funded e-bike firm on this planet” — has been declared bankrupt within the Netherlands. The corporate had entered right into a so-called “suspension of cost” continuing with court-assigned directors simply final week.

Based on an announcement launched by VanMoof, the court docket of Amsterdam withdrew the suspension of cost continuing of the Dutch authorized entities VanMoof International Holding BV, VanMoof BV and VanMoof International Assist BV, and declared every entity bankrupt. VanMoof authorized entities outdoors the Netherlands aren’t in insolvency proceedings. Two directors have been appointed as trustees and are persevering with to evaluate the scenario at VanMoof and the potential of…

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