ANPThe closed headquarters of VanMoof in Amsterdam
NOS Nieuws•vandaag, 17:07
Several companies are interested in taking over the bankrupt electric bicycle brand VanMoof. That says the bankruptcy trustee of the company in a short statement. “In the coming days, the bids will be compared with each other and discussed with the stakeholders. The position of affected consumers will be taken into account”, says curator Jan Padberg.
There are consumers who have already paid thousands of euros for a VanMoof bicycle that has not yet been delivered. And VanMoof owners are now unable to turn to the company for repairs while their bike is still under warranty.
Shortly after the weekend, Padberg says he will choose which company will continue to negotiate exclusively. “The aim is to reach a final agreement within a few days.”
Bicycles with defects
He does not say who the bidding companies are. The American company Micromobility has said to be interested in VanMoof. Micromobility sells and rents electric scooters and bicycles and was founded in 2015, but that company itself is not profitable either.
Last quarter, it posted a net loss of more than $19 million on sales of less than $4 million. And the company’s stock has dropped from about $500 in 2021 to 8 cents today.
VanMoof was declared bankrupt on July 17. The company made substantial losses, partly because it sold many bicycles with defects. Because all parts are produced in-house and there was often a shortage of laundry, repairs took a long time or were not possible at all. VanMoof was founded in 2009 and has sold a total of just under 200,000 bicycles.
2023-08-04 15:07:09
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