VanMoof: E-bike firm goes bust after Covid boom

Dutch electric bike-maker VanMoof has filed for bankruptcy after its founders, Taco and Ties Carlier, were unable to rescue the company.

VanMoof, which boasts 190,000 customers globally, experienced a surge in demand for its bikes during the pandemic and secured millions of dollars in funding for expansion. However, the company faced challenges with its newer models, including repair costs and delays in deliveries and parts shortages. Administrators are exploring options to salvage VanMoof, such as selling its assets or restructuring its debts.

The bankruptcy currently affects only the Dutch business, while international subsidiaries remain unaffected. VanMoof intends to continue operating its stores outside the Netherlands but has temporarily closed its London and Paris locations.

The company plans to maintain ongoing services for its customers and has advised them to download their e-bike’s digital key as a precautionary measure.

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