Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
The company has posted a support document outlining the current situation for its customers and suppliers/creditors.
According to a statement, the court of Amsterdam withdrew the suspension of payment proceedings of the Dutch legal entities VanMoof Global Holding BV, VanMoof BV and VanMoof Global Support BV and declared each entity bankrupt.
VanMoof legal entities outside the Netherlands are not in insolvency proceedings. Two administrators were appointed as trustees.
VanMoof wrote in the statement, “The trustees are currently assessing the situation at VanMoof and are investigating the possibilities of a re-start out of bankruptcy by means of an asset sale to a third party so that the activities of VanMoof can be continued.”
For VanMoof owners, the company said its e-bikes “will remain functional and rideable, as we aim to keep our app and servers online and aim to secure the ongoing services for the future.”
VanMoof also confirmed that all repair work and parts deliveries have stopped and that repaired and un-repaired e-bikes at shops in the Netherlands would eventually be made available for riders to pick up.
