On July 17, VanMoof issued a press release explaining that the Courtroom of Amsterdam declared the corporate bankrupt. It additionally said that two directors have been stepping in as trustees to orchestrate the method. Accompanying the announcement was an in depth Q&A in regards to the firm’s future and the way this may have an effect on clients. VanMoof said that it was at the moment making a gross sales course of for its belongings and companies. The corporate defined that it’s on the lookout for a celebration that “is keen to proceed the actions of VanMoof.” So, an organization like Swagtron, accountable for the foldable Swagtron EB-5, may step in to save lots of the day.
In reply as to whether the e-bikes would stop functioning after chapter, the corporate said that the workforce is dedicated to preserving the e-bike’s app and companies on-line. Nonetheless, it suggested customers to create a backup unlock code for his or her bikes simply in case. Some shall be relieved by this information, whereas others aren’t affected as they already migrated to a competitor’s app.
Sadly for VanMoof e-bike house owners, restore companies within the Netherlands are ceasing. VanMoof’s upkeep service was already closely criticized, and this may solely make it worse. As well as, the corporate introduced that every one outgoing deliveries for bikes, elements, and equipment have stopped.
Nonetheless, VanMoof famous that its non-Dutch entities weren’t in insolvency. This may very well be a silver lining for the corporate. However VanMoof wrote that it will not know till after investigating how the chapter will have an effect on their international entities.