VanMoof, Once Thriving E-Bike Maker, Declares Bankruptcy

Dutch e-bike maker VanMoof has been declared bankrupt, and administrators are exploring options to sell assets and restructure the business. VanMoof, which raised 100 million euros to expand internationally, filed for protection from creditors last week. The company's Dutch operations were declared bankrupt by a judge, while its international subsidiaries remain unaffected. VanMoof bikes, known for their sleek design, have become popular in Amsterdam. Customers have been flooding the police with complaints about undelivered bikes or repairs due to the closure of the company's stores.