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864 The Rise and Fall of VanMoof: A Startup’s Journey to Bankruptcy

KillerStartups
Guest Author @ KillerStartups · 07/18/2023 14:58 EDT

The Rise and Fall of VanMoof: A Startup’s Journey to Bankruptcy

The Amsterdam court has formally declared VanMoof, a well-known e-bike business financed by venture capitalists to the tune of hundreds of millions of dollars, bankrupt. The company’s desperate attempt to avoid bankruptcy failed, and as a result, VanMoof Global Holding B.V., VanMoof B.V., and VanMoof Global Support B.V. are now in an insolvent situation. Two trustees have been appointed by the court to look at selling VanMoof’s assets to a third party.
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