Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a so-called suspension of payment proceeding with court-assigned administrators just last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
The company has posted a support document outlining the current situation for both customers and suppliers/creditors.
According to a statement, the court of Amsterdam withdrew the suspension of payment proceeding of the Dutch legal entities VanMoof Global Holding BV, VanMoof BV and VanMoof Global Support BV, and declared each entity bankrupt. VanMoof legal entities outside the Netherlands are not in insolvency proceedings. Two administrators have be…
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