Final round of applause for VanMoof. An Amsterdam court declared the premium electric bike maker bankrupt after granting it a receivership last week, the company said Tuesday.
The court “withdrew the suspension of payment proceedings against the Dutch legal persons (…) and declared these entities bankrupt,” the company said in a press release, while specifying that “VanMoof’s legal persons were del -Bas are not subject to insolvency”. proceedings”.
Since the end of 2022, difficulties have been mounting for the manufacturer. According TechCrunchThe company was once again in an urgent search for new money (up to 40 million euros) to ensure its operation and even its survival, because the losses are accumulating.
Stuck bikes?
According to an investigation by the Dutch financial newspaper, Het Financieele Dagblad, VanMoof would be selling their products at a loss and would also lose a lot of money replacing parts under warranty. More expensive parts due to inflation and more difficult to obtain because they are designed exclusively for the brand’s motorcycles. In short, VanMoof’s highly verticalized model is costing you dearly.
Since the end of June, the manufacturer stopped taking orders on its different websites.
This is obviously a shock to their employees (500 to 1,000 according to Glassdoor), but it could spell hardship for VanMoof bike owners as well.
Since the bikes are connected, they can only start and run with the associated app, a proprietary app. If this app is no longer functional, the bikes won’t be either.
Good news, however, your competitor Cowboy has developed an application called cyclist that allows VanMoof bike owners to obtain their two-wheeler’s digital key and unlock it using Bluetooth technology. To do this, they simply need to log into their VanMoof account by going to the app.
With this tool, owners of VanMoof bicycles can thus control them without going through the brand’s servers, as they point out. numeral.
Source: BFM TV
