The Apple Of E-Bikes Has Simply Gone Bankrupt And We Can't Say We're Shocked

On July 17, VanMoof issued a press release explaining that the Courtroom of Amsterdam declared the corporate bankrupt. It additionally acknowledged that two directors had been stepping in as trustees to orchestrate the method. Accompanying the announcement was an in depth Q&A concerning the firm’s future and the way this may have an effect on prospects. VanMoof acknowledged that it was at the moment making a gross sales course of for its property and companies. The corporate defined that it’s searching for a celebration that “is prepared to proceed the actions of VanMoof.” So, an organization like Swagtron, liable for the foldable Swagtron EB-5, might step in to save lots of the day.

In reply as to whether the e-bikes would stop functioning after chapter, the corporate acknowledged that the crew is dedicated to preserving the e-bike’s app and companies on-line. Nonetheless, it suggested customers to create a backup unlock code for his or her bikes simply in case. Some will likely be relieved by this information, whereas others aren’t affected as they already migrated to a competitor’s app.

Sadly for VanMoof e-bike house owners, restore companies within the Netherlands are ceasing. VanMoof’s upkeep service was already closely criticized, and this may solely make it worse. As well as, the corporate introduced that each one outgoing deliveries for bikes, elements, and equipment have stopped.

Nonetheless, VanMoof famous that its non-Dutch entities weren’t in insolvency. This could possibly be a silver lining for the corporate. However VanMoof wrote that it will not know till after investigating how the chapter will have an effect on their international entities.