McLaren Applied’s Lavoie Buys Bankrupt E-Bike Maker VanMoof

McLaren Applied Ltd’s e-mobility unit has agreed to buy Dutch e-bike maker VanMoof BV which went bankrupt after failing to pay back loans to investors.

Lavoie, which makes €1,990 ($2,160) e-scooters, plans to “inject stability” into VanMoof’s operations and expand its e-mobility business with the acquisition, according to a statement on Thursday. No financial terms have been disclosed.

Appointed trustees were set up to investigate whether the activities of VanMoof could continue after the Dutch electric-bicycle company was declared bankrupt in July. VanMoof had struggled with paying back loans from investors and was forced to close some of its ...