Dutch e-bike manufacturer VanMoof is currently facing financial difficulties, resulting in the involvement of the Dutch government. Two administrators have been sent to VanMoof to work alongside the company in finding solutions to its insolvency. A court in Amsterdam has granted VanMoof a moratorium on payments and a two-month period in which creditors cannot assert their claims. Reports suggest that VanMoof is even considering a potential sale. As a temporary measure, VanMoof has closed its brand stores in cities such as Berlin, Amsterdam, London, and Paris to ensure the safety of its colleagues. However, the company reassures customers that bike services and repairs will continue as normal during this period. VanMoof had suspended the sale of e-bikes on its website in early July to catch up on existing orders. The company narrowly avoided bankruptcy at the end of 2022 by asking suppliers to postpone bills. Additional investments were made by investors in 2023 to support VanMoof. Despite these efforts, VanMoof had to close some branches and lower prices. Reports indicate that the company experienced losses on every bike sold, amounting to 47 million euros after taxes in 2020 and 78 million euros in 2021.
