VanMoof is a Dutch e-bike startup that has lately entered a so-called ‘suspension of fee’ continuing, through which a court-appointed administrator helps to lead the corporate out of debt.
The corporate is exploring all potential routes out of its debt, together with a potential sale.
That is sometimes granted for a interval of as much as 18 months and is designed to assist corporations keep away from chapter. Nevertheless, it’s additionally usually step one towards chapter proceedings.
Below Dutch regulation, collectors can’t declare their money owed throughout the suspension of fee interval, which ends as soon as all collectors are paid, a remaining settlement with collectors is reached (non-public or judicial), or when the corporate is asserted bankrupt.
VanMoof Pauses Sale of E-Bikes
This has led to VanMoof briefly stopping the sale of their e-bikes, each on-line and offline, with their model shops additionally closing in the meanwhile.
It’s not presently identified when VanMoof will begin promoting bikes once more.
Do VanMoof Bikes Nonetheless Work?
VanMoof bikes nonetheless work as regular and the corporate remains to be providing their bike servicing.
Nevertheless, Cowboy, a Belgian e-bike competitor of VanMoof, has created an app known as “Bikey” to assist VanMoof house owners generate their distinctive digital key and hold driving – in case the servers of VanMoof are to go down.
The app is now dwell on the Apple app retailer and will likely be out there for Android quickly. Cowboy’s software program workforce labored by way of the evening to create the app, which remains to be in beta and will have bugs.
VanMoof riders ought to seize their key instantly, as it will likely be inconceivable to retrieve this key if the servers go down, and riders would roughly lose complete entry to their bikes.
Cowboy says that that is about maintaining bikes on the highway, which is their No.1 mission as an organization, regardless if it’s a competitor or not.
Will VanMoof Go Bankrupt and Shut Down?
Primarily based on the scale and recognition of the VanMoof model, it’s unlikely that the model will stop to exist. The seemingly almost definitely final result is that the model will likely be purchased by new traders who will change the administration workforce and technique.
For those who had been pondering of shopping for a VanMoof and are nonetheless available in the market for an e-bike, listed here are the finest VanMoof alternate options presently out there:
- VanMoof vs Cowboy Bikes
- VanMoof vs Wing Bikes
- VanMoof vs TENWAYS E-Bikes
- Finest City E-Bikes
- Which E-Bike Ought to I Purchase?