VanMoof has been declared insolvent. According to the latest report by The Verge, the court in Amsterdam has withdrawn the so-called suspension of payments order and said the e-bike brand is bankrupt in what appears a rather abrupt manner.
The news comes only days after the first reports of VanMoof facing severe difficulties appeared.
Insolvency had been on the table already under the suspension order. However, other options, such as a sale, seemed also open. The appointed administrators are examining the possibility of a restart to continue operations. This includes looking into an asset sale to a third party to allow VanMoof to continue operations. However, the new court ruling declaring VanMoof insolvent means that a company could bu…
Read the full article at: https://www.electrive.com/2023/07/18/dutch-e-bike-brand-vanmoof-is-bankrupt/