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Amsterdam-based VanMoof, an e-bike producer, has gone into liquidation within the UK. The Dutch firm confirmed by an e-mail to its clients that the corporate is present process a Collectors’ Voluntary Liquidation.
The message, signed by The VanMoof crew, acknowledges the unsure occasions for its clients and states that they’re presently engaged on discovering the easiest way ahead for e-bikes locked in its Battersea retailer, which was repossessed by the owner final week, reviews Sifted.
Firm gone into liquidation
In an up to date publish, the Dutch firm states, “Begbies Traynor has been engaged for the aim of helping 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 triggered chaos for customers. The flagship London retailer was repossessed by its house owners because of the forfeiture of hire, and clients got till August 3 to gather their bikes earlier than they might be bought or disposed of by the landlords.
Nonetheless, there may be 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 amass VanMoof. The corporate has not disclosed the monetary facets of the proposal.
The bid comes after VanMoof’s declaration of chapter, and the court docket of Amsterdam lifting the suspension of fee proceedings for VanMoof International Holding BV, VanMoof BV, and VanMoof International Assist BV.
The Courts resolution
The court docket’s resolution was pushed by the Dutch entities’ monetary constraints and incapability to satisfy 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 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 status, modern e-bike know-how, 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 know-how and profitable subscription mannequin to boost its product choices and broaden its presence out there.
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