E-bike maker VanMoof goes bankrupt after hitting sales slump following covid

A VanMoof statement noted that the company's international subsidiaries are not part of the bankruptcy.

Amsterdam police said their telephone lines were being flooded with customers complaining of "theft" because they paid for bikes that have not been delivered or because they have bikes being repaired at the company's stores, which are now closed.

Dutch e-bike maker VanMoof has been declared bankrupt and administrators are considering whether it can sell assets and restructure to save the business, the company said. 

VanMoof, which raised €100m to expand internationally as sales boomed during covid, filed for protection from creditors last week. A company statement said that a judge at the Amsterdam District Court had declared the company's Dutch operations bankrupt on July 17.