Italian Scooter-Sharing Firm Bids for Bankrupt Dutch Bike Maker

Italian e-scooter sharing firm Micromobility.com Inc has submitted a bid to buy struggling e-bike maker VanMoof BV.

The scooter-sharing firm is currently preparing a binding offer after making an initial non-binding bid for VanMoof, it said in a Monday statement. It plans to use its subscription-based model to enhance VanMoof’s product offerings. VanMoof declined to comment on the offer.

A VanMoof e-bike.

Photographer: Jim McAuley/Bloomberg

“We recognize the challenges the micromobility sector currently faces, but we are firm believers in the transformative power of this industry,” said Micromobility Chief Executive Salvatore Palella.

VanMoof saw orders shoot through the roof during the pandemic, but ...