VanMoof e-bike startup bankrupt, rival company provides software keys

1 min read
Source: Engadget
TL;DR Summary

E-bike company VanMoof has declared bankruptcy for its Dutch entities and is seeking a buyer. The company has been facing financial difficulties, with high costs for selling and servicing its bikes. VanMoof's international entities are not part of the bankruptcy proceedings. Employees have been given a six-week notice period and are expected to continue working during this time. The company hopes to secure a future for the brand.

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