VanMoof's Revival: From E-Bikes to E-Scooters

VanMoof, the electric bike company that recently declared bankruptcy, is under new leadership and has plans to restart its operations and expand into more areas of e-mobility. The new leadership, including co-CEOs Elliot Wertheimer and Albert Nassar, along with Chairman Nick Fry, are focused on keeping existing VanMoof riders on the road by gradually rolling out replacement parts and establishing a network of certified bike shops for repairs. The company plans to resume e-bike sales and introduce a new VanMoof-branded e-scooter in the first half of 2024. While the US market remains a priority, the timeline for a relaunch there is less certain. VanMoof's new leadership is committed to retaining the company's product engineering and design in-house and expects significant investments from Greybull Capital, the private equity firm that acquired VanMoof's tech division.