VanMoof has simply confirmed to TechCrunch that the corporate has utilized to the Dutch Court docket for a suspension of cost provision. If granted, this suspension would excuse the corporate from funds till sure necessities are met. Based on the Dutch publication NRC, translated by TechCrunch, this transfer prevents the corporate from going bankrupt throughout this turbulent time. Alongside the applying, Thijs Plug, world PR lead on the firm, commented, “Along with the administration of VanMoof the directors are at the moment assessing the scenario to discover a resolution in order that VanMoof can proceed its actions.”
As for why the corporate is going through monetary bother, it’s exhausting to say. TechCrunch beforehand theorized that the corporate is struggling as a result of the e-bike market is changing into more and more aggressive, with new bikes corresponding to Precedence Bicycle’s E-Coast, and even an AI-powered bike wowing riders. One other idea is that the corporate is poorly run, leading to upkeep points that scare away clients.
Following the information, many puzzled what would occur to their bikes if the corporate went beneath. The principle concern was that the bikes’ safety codes are saved within the official VanMoof app, so many understandably panicked, considering that their bike would stop functioning if the app went down. In response, its competitor Cowboy printed an app to create and retailer safety keys for VanMoof bikes. Many VanMoof bikers are fleeing to this newly created app as they await extra information from the troubled Dutch firm.