AMSTERDAM (AP) Dutch bicycle maker VanMoof has been declared bankrupt, slamming the brakes on a company that won design awards for its stylish, minimalist electric bikes but struggled to meet soaring demand and fix glitches with the app powering its service.
The Amsterdam-based company, started in 2009 by brothers Taco and Ties Carlier, posted a statement on its website informing clients that an Amsterdam court declared VanMoof bankrupt on Monday.
The company headquarters in Amsterdam was closed Tuesday. One man parked his VanMoof outside the building to take a picture of the bike with the company logo in the background.
It remains unclear how the Dutch bankruptcy will affect the company’s foreign operations. VanMoof sells its bikes on…
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