Dutch electric bike manufacturer, VanMoof, has been declared bankrupt, prompting many to think the wheels have come off the pandemic cycling boom.
The Amsterdam-headquartered company, whose minimal designs and high prices earned the company the nickname of the Tesla of e-bikes, saw its sales surge in the Covid era. However, it has now run out of road just two years after it raised $128m (98m) from investors to fuel expansion.
VanMoof was founded in 2009 by Dutch brothers Taco and Ties Carlier. It has around 700 employees internationally and runs stores in Amsterdam, Berlin, Paris, London, Tokyo and New York. It claimed to have sold around 200,000 e-bikes to date.
Its e-bikes cost thousands of pounds in some cases. One of its S5 bikes, …
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