Ebike maker VanMoof goes bust, leaving riders in disarray

1 min read


After pausing sales, closing stores, and being unable to pay its bills, beloved Dutch ebike maker VanMoof has officially been declared bankrupt.

Just last week, Dutch courts granted the company a two-month ‘suspension of payment’ to protect it from creditors while it worked with administrators to find a solution.

However, yesterday, the court of Amsterdam withdrew the suspension of payment and declared all three of VanMoof’s legal entities in the Netherlands bankrupt. VanMoof’s units outside the country are not affected.

Such a swift bankruptcy decision usually occurs in cases where authorities can see that a company has exhausted all available cash and any options for financing and sale.  

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Two administrators have been appointed as trustees and are investigating the possibility of pulling VanMoof out of bankruptcy by selling it to a third party, the company told TNW via email.

The only way VanMoof can stay alive is if it sells off its assets and operations to a third party. This theoretical buyer would not take responsibility for VanMoof’s outstanding debt. 

Bankruptcy is the final blow for VanMoof which, despite being one of the most heavily funded ebike startups in the world, has been making major losses on its ebikes for years.