Troubled e-bike maker VanMoof — which had raised a total of $189.1 million from the likes of Balderton Capital and Felix Capital, among other investors — has now officially gone bankrupt in the Netherlands after barely a week in an administrative process. As TechCrunch previously reported, the company was in a “suspension of payment” process, with court-assigned administrators, after we broke the news that it had suspended bike sales.
In a statement released by VanMoof, it’s transpired that payment proceedings of VanMoof’s Dutch legal entities (VanMoof Global Holding BV, VanMoof BV and VanMoof Global Support BV) have been suspended by a court in Amsterdam, which has in turn declared each entity bankrupt. The ...
