The Dutch company’s trustees will seek a third party to buy the company’s assets and continue its activities.
A Dutch court has declared the independent e-bike maker VanMoof bankrupt, the company said in a statement.
The trustees will try to sell the assets to a third party that wants to continue the company’s work.
VanMoof was founded by two Dutch brothers and had touted itself as one of “Europe’s fastest-growing companies”.
The bicycle maker had previously raised hundreds of millions of euros in 2020 and 2021 as more people turned to cycling during the pandemic.
The e-bike company said their bikes will remain functional and that they will try to keep the app online.
But “as unforeseen circumstances could arise, we advise you to…
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