Pioneering electric bicycle manufacturer VanMoof was declared bankrupt in the Netherlands on Monday by the Amsterdam District Court, following the company’s pandemic-time boom.
VanMoof’s court-assigned administrators are now looking into whether the Dutch company could be restructured or sold so that it can continue operations in the Netherlands.
Known for selling sleek high-end bikes with integrated theft protection, VanMoof is one of the most prominent electric bicycle companies in the world, often dubbed the “Tesla of e-bikes“.
The company has outposts in 20 cities across the globe across Germany, France, England, Japan and the US but only its Dutch operations are involved in the insolvency proc…
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