VanMoof e-bikes has declared bankruptcy
has declared bankruptcy for all its Dutch entities and aims to find a buyer in the"next few weeks." The announcement comes alongside the court of Amsterdam's withdrawal of suspension of payment proceedings and appointment of two trustees to oversee a possible third-party sale of the assets to ideally keep VanMoof functioning.
VanMoof told employees there are"no funds to pay the salaries" long-term and gave them a six-week notice period in which they are expected to work and will receive their final payments. Part of this time will entail returning bikes currently in service back to customers. VanMoof is really leaning in on its employees to keep working hard, stating:"It is necessary to stay strong and to continue with your required work.
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