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The Independent UK
The Independent UK
National
Via AP news wire

Bankruptcy slams the brakes on Dutch e-bike manufacturer VanMoof

Copyright 2023 The Associated Press. All rights reserved

Dutch bicycle maker VanMoof has been declared bankrupt, slamming the brakes on a company that won design awards for its stylish, minimalist electric bikes but struggled to meet soaring demand and fix glitches with the app powering its service.

The Amsterdam-based company, started in 2009 by brothers Taco and Ties Carlier, posted a statement on its website informing clients that an Amsterdam court declared VanMoof bankrupt on Monday.

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