Amsterdam-based VanMoof, an e-bike manufacturer, has filed for insolvency in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation in the UK.
The message, signed by The VanMoof team, acknowledges the uncertain times for its customers and states that they are currently working on finding the best way forward for e-bikes locked in its Battersea store, which was repossessed by the landlord last week, reports Sifted.
In an updated post, the Dutch company states, “Begbies Traynor has been engaged for the purpose of assisting the Director with this process, and we would advise that it is proposed that Paul Appleton and Paul Cooper, who are licensed insolvency practitioners bound by the Insolvency Code of Ethics, be appointed as Joint Liquidators.”
The situation has caused chaos for consumers. The flagship London store was repossessed by its owners due to the forfeiture of rent, and customers were given until August 3 to collect their bikes before they would be sold or disposed of by the landlords.