In a very frank video statement posted on Rob Hancill's Rob Rides EMTB YouTube Channel, Pole Bicycles founder and CEO, Leo Kokkonen, revealed the sad news that the MTB brand has filed for insolvency. Pole is the latest bike brand to go under due to financial struggles as hard times in the bike industry continue.
In the video, Kokkonen revealed that Pole's problems started many years ago, but recent events such as Finland's political strikes (which closed ports in March) and machine breakdowns that halted production for a month proved too much for the company to be able to continue.
