Dutch e-bike maker VanMoof bankrupt – Reuters

AMSTERDAM, July 18 (Reuters) – Dutch e-bike maker VanMoof has been declared bankrupt, the company said on Tuesday.

The company, which raised 100 million euros ($112.56 million) to expand during the COVID-19 pandemic, had filed for protection from creditors last week.

The company said in a statement that a judge at the Amsterdam District Court had declared Dutch entities VanMoof Global Holding BV, VanMoof BV and Van Moof Global Support BV bankrupt on July 17.

Two administrators named to oversee the company “are continuing to assess the situation at VanMoof and are investigating the possibility” of a restructuring that would allow the company to continue operating, including asset sales.

The statement noted that the company’s international su…

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