Home » News » Acquisition of VanMoof: Micromobility.com Strengthens Position in Electric Urban Transport Market

Acquisition of VanMoof: Micromobility.com Strengthens Position in Electric Urban Transport Market

Micromobility.com makes electric bicycles and scooters and is active in the United States and Europe. CEO Salvatore Palella says that work is now being done on a binding offer for VanMoof. He says VanMoof is known for its quality and innovation, with a successful subscription model as well. By acquiring VanMoof, micromobility.com can strengthen its position in the electric urban transport market and strengthen its own portfolio, said Palella.

The potential acquisition of VanMoof is part of the long-term strategy for the mobility market, according to Palella. Founded in 2015, micromobility.com, which is listed in New York, will provide more information about the acquisition process as further developments occur, the statement said.

VanMoof went bankrupt earlier this month. This caused problems for the owners of the bicycles because the loss-making company had many parts specifically designed and also had a lot of proprietary software. The trustees are investigating the possibilities of a restart. Several parties would be interested in a takeover of VanMoof. The trustees recently stated to RTLZ that concrete talks are being held with “serious candidates” about a takeover.

2023-07-31 18:23:39


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