Tag

Vanmoof

All articles tagged with #vanmoof

business2 years ago•12 min saved

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.

via The Verge|

#bankruptcy #business #e-bikes

business2 years ago•2 min saved

VanMoof, Dutch E-Bike Brand, Rescued from Bankruptcy by Scooter Maker

Dutch e-bike maker VanMoof, known for its trendy and technologically advanced bikes, has been acquired by Lavoie, an upscale electric scooter company, after declaring bankruptcy. VanMoof's bankruptcy left riders in limbo due to proprietary parts and smartphone app dependencies. Under new ownership, Lavoie plans to invest "tens of millions" to address challenges, improve parts availability and repairs, and enhance bike reliability. The fate of customers who had purchased but not received bikes before the bankruptcy remains unclear. VanMoof, often compared to Apple or Tesla in the e-bike market, had tripled its sales during the pandemic and raised over $180 million in funding.

via The New York Times|

#acquisition #bankruptcy #business

business2 years ago•4 min saved

VanMoof's Bankruptcy: Debts of 144 Million Euros Lead to Collapse

Dutch e-bike maker VanMoof, known for its sleek design and smartphone app integration, has gone bankrupt, leaving customers stranded and concerned about repairs. The company's specialized bikes have proven difficult to fix, with repair shops unable to access the necessary parts. VanMoof's maintenance shops and warranty policies were unable to keep up with the frequent breakdowns, leading to customer frustration. The founders are currently in talks to sell the defunct company, leaving customers uncertain about the future of their bikes and repairs.

via NPR|

#bankruptcy #business #customer-concerns

business2 years ago•1 min saved

VanMoof's Bankruptcy Reveals 144 Million Euro Debt

Electric bike manufacturer VanMoof had debts of approximately 144 million euros when it filed for bankruptcy, according to documents submitted to a court in New York. The company owed 77.9 million euros to lenders, 50.6 million euros to suppliers and business partners, and 15.3 million euros in tax debts. VanMoof had been actively seeking additional financing or acquisition options to avoid bankruptcy, but when these efforts failed, it faced liquidity problems. The bankruptcy administrators are currently in talks with interested parties for a possible restart of the company, with a decision expected soon to meet the deadline set by the Dutch benefits agency for salary payments to employees.

via NL Times|

#bankruptcy #business #creditors

technology2 years ago•2 min saved

"Affordable Cowboy Bike Model: Streamlined for Price-Conscious Riders"

Belgian e-bike brand Cowboy has launched two new initiatives: a software package called Connect, which includes features like AdaptivePower technology and Crash Detection, and a new "streamlined" bike configuration called Core. The Core bike will be available on select models and will offer a reduced software package. In addition, Cowboy has created an app called Bikey to help VanMoof owners generate and save their digital keys, ensuring continued access to their e-bikes. The app currently supports certain VanMoof models and Cowboy is working to add support for more.

via Road.cc|

#connectivity #cowboy #e-bike

business2 years ago•1 min saved

VanMoof, Once Thriving E-Bike Maker, Declares Bankruptcy

Dutch e-bike maker VanMoof has been declared bankrupt, and administrators are exploring options to sell assets and restructure the business. VanMoof, which raised 100 million euros to expand internationally, filed for protection from creditors last week. The company's Dutch operations were declared bankrupt by a judge, while its international subsidiaries remain unaffected. VanMoof bikes, known for their sleek design, have become popular in Amsterdam. Customers have been flooding the police with complaints about undelivered bikes or repairs due to the closure of the company's stores.

via Reuters|

#bankruptcy #business #covid-19

business2 years ago•1 min saved

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

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.

via Engadget|

#bankruptcy #business #dutch-operations

business2 years ago•3 min saved

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.

via TechCrunch|

#asset-sale #bankruptcy #business

business2 years ago•3 min saved

VanMoof: From Thriving to Bankrupt - The Sorrowful End of an E-Bike Company

VanMoof, the Dutch e-bike maker, has been declared bankrupt by the court of Amsterdam. The company is now under the administration of trustees who are assessing the possibility of a restart, including exploring an asset sale to a third party. VanMoof owners face uncertainty regarding the future of their e-bikes, but the company aims to keep its app and servers online to ensure ongoing services. Customers seeking refunds for prepayments can file claims in the bankruptcy proceeding. Repair work and parts deliveries are currently halted, but repaired and unrepaired e-bikes at shops in the Netherlands will eventually be made available for pickup.

via The Verge|

#asset-sale #bankruptcy #business

business2 years ago•8 min saved

VanMoof's Troubles: Sales Halted, Executives Exit

Dutch e-bike startup VanMoof, known for its sleek and innovative electric bikes, has hit a rough patch with paused sales and the departure of senior staff, including the CEO and a co-founder. The company is reportedly working on securing a bridge round of funding to stay afloat. Customers have expressed frustration over delays in servicing existing bikes, leading to speculation about the company's financial health. VanMoof has not provided clear answers about the reasons behind the sales pause or its current capacity. Despite previous funding rounds, the company has struggled to raise the necessary funds and faces challenges in its highly verticalized approach to bike design and repair. The fate of VanMoof remains uncertain as it navigates these obstacles.

via TechCrunch|

#business #e-bike #executive-departures

business2 years ago•2 min saved

VanMoof Halts E-Bike Sales, Shaking Up the Industry

VanMoof, a prominent electric bike brand in Europe, has temporarily halted the sales of its e-bikes and accessories on its website, citing the need to catch up with existing orders. This unexpected move has sparked speculation about the reasons behind it, including potential production delays or financial issues. While the company claims it is solely focused on fulfilling current orders, some unofficial forums have reported delivery delays and rumors of financial troubles. The true cause of the sales pause remains unclear, leaving room for speculation and wild theories.

via Electrek|

#business #e-bikes #production-delay

gaming2 years ago•5 min saved

"Score Big Savings on Nintendo Switch Games with Latest Deals and Voucher Program Updates"

Nintendo is offering discounts on digital titles and DLC for the Nintendo Switch as part of its ongoing Hyper Max Sale, which ends on Monday, June 26th. Amazon and Best Buy are matching Nintendo's prices in most instances. The sale includes underrated first-party games like Metroid Dread and indie titles like No Man's Sky and Tunic. Ultimate Ears' party-friendly HyperBoom speaker is on sale at Amazon and Best Buy. VanMoof's S4 e-bike is available starting at $2,498 before the price increases on Tuesday, June 27th.

via The Verge|

#gaming #hyper-max-sale #nintendo