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Amsterdam-based VanMoof, an e-bike producer, has gone into liquidation within the UK. The Dutch firm confirmed by means of an e-mail to its prospects that the corporate is present process a Collectors’ Voluntary Liquidation.
The message, signed by The VanMoof workforce, acknowledges the unsure occasions for its prospects and states that they’re at the moment engaged on discovering one of the best ways ahead for e-bikes locked in its Battersea retailer, which was repossessed by the owner final week, studies Sifted.
Firm gone into liquidation
In an up to date submit, the Dutch firm states, “Begbies Traynor has been engaged for the aim of aiding the Director with this course of, and we might advise that it’s proposed that Paul Appleton and Paul Cooper, who’re licensed insolvency practitioners sure by the Insolvency Code of Ethics, be appointed as Joint Liquidators.”
The scenario has prompted chaos for shoppers. The flagship London retailer was repossessed by its homeowners because of the forfeiture of lease, and prospects got till August 3 to gather their bikes earlier than they’d be offered or disposed of by the landlords.
Nevertheless, there’s hope on the horizon as a possible purchaser has emerged.
On Monday, July 31, US-based Micromobility.com introduced that it has submitted a non-binding bid to accumulate VanMoof. The corporate has not disclosed the monetary facets of the proposal.
The bid comes after VanMoof’s declaration of chapter, and the courtroom of Amsterdam lifting the suspension of cost proceedings for VanMoof International Holding BV, VanMoof BV, and VanMoof International Assist BV.
The Courts resolution
The courtroom’s resolution was pushed by the Dutch entities’ monetary constraints and incapability to fulfill their liabilities.
The potential acquisition of the Dutch firm marks a major step in direction of Micromobility’s imaginative and prescient of a extra sustainable and environment friendly future for city transport.
Based by Salvatore Palella in 2015, Micromobility.com Inc. is devoted to remodeling city transportation by means of eco-friendly and accessible options.
“This potential acquisition is a part of our long-term technique to consolidate our management within the micromobility market and diversify our portfolio of options,” Palella explains.
“VanMoof’s sturdy model popularity, modern e-bike expertise, and its distinctive subscription mannequin completely align with our imaginative and prescient for the way forward for city transport,” provides Palella.
With operations within the US and Europe, the corporate goals to leverage the Amsterdam firm’s superior e-bike expertise and profitable subscription mannequin to boost its product choices and develop its presence out there.
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