Dutch E-Bike Maker Goes Bankrupt After Thriving During Pandemic

VanMoof BV,a Dutch electric-bicycle company that saw a surge in demand during Covid lockdowns, has been declared bankrupt after struggling to pay back loans from investors.

An Amsterdam court declared VanMoof’s Dutch legal entities bankrupt on Monday, the firm said in an emailed statement. Appointed trustees are investigating whether the activities of VanMoof can be continued by means of an asset sale to a third party.

Financiers who provided money to the struggling company through crowdfunding were not paid interest, according to local newspaper Het Financieele Dagblad. VanMoof was also forced to close some of its stores last week ...