VanMoofers, rejoice the ebike gods have not abandoned you. Yesterday, McLaren Applied and its escooter department Lavoie announced they had agreed to purchase the bankrupt ebike startup.
The details of the deal have not been made public. However, the F1 engineering and technology company stated that it would invest in stabilising and expanding VanMoofs existing business. This will be in the realm of tens of millions of pounds in the short term, according to McLaren Applied Chairman Nick Fry, quoted by Reuters.
This is a huge opportunity for us as this [VanMoof] is a company with a brilliant product, Fry said, adding that it would be no walk in the park due to the financial difficulties the startup had gotten itself into.
Perhaps the …
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