VanMoof: From E-Bike Startup to Bankruptcy
Dutch e-bike startup VanMoof has been officially declared bankrupt by the court of Amsterdam, following a last-ditch effort to avoid insolvency. The court has appointed two trustees to explore the possibility of selling the company's assets to a third party in order to keep it running. The bankruptcy proceedings only apply to VanMoof's Dutch legal entities, and it remains unclear how this will impact operations in other countries. VanMoof had recently faced challenges including production delays, customer complaints, and financial struggles. The bankruptcy raises questions about the viability of the company's business model and the potential value of its assets.