By It’s the end of the road for VanMoof as we know it. | Photo by Thomas Ricker / The Verge
VanMoof — the independent e-bike maker that once bragged about being the “most funded e-bike company in the world” — has been declared bankrupt in the Netherlands. The company had entered into a so-called “suspension of payment” proceeding with court-assigned administrators just last week.
According to a statement released by VanMoof, the court of Amsterdam withdrew the suspension of payment proceeding of the Dutch legal entities VanMoof Global Holding BV, VanMoof BV and VanMoof Global Support BV, and declared each entity bankrupt. VanMoof legal entities outside the Netherlands are not in insolvency proceedings. Two administrators have been appointed as trustees and are continuing to assess the situation at VanMoof and the possibility of…