US-based Micromobility.com’s non-binding bid to acquire bankrupt Dutch company VanMoof has been rejected by its trustees. The US company had submitted the bid earlier this month.
Salvatore Palella, founder & CEO of Micromobility.com, wrote on X (previously Twitter), “Regrettably, our bid for #VanMoof, which deeply prioritized consumer protection & job preservation, wasn’t accepted by the trustees. They’ve opted to negotiate with another party. My gut tells me financial figures are taking precedence over consumer protection. Best wishes to the @VanMoof community (@VanMooferNews) – they deserve respect & quick answers. We’ll be watching closely.”
The bid came after the Dutch company’s declaration of bankruptcy, and the court of Amsterdam lifting the suspension of payment proceedings for VanMoof Global Holding BV, VanMoof BV, and VanMoof Global Support BV.
The court’s decision was driven by the Dutch entities’ financial constraints and inability to meet their liabilities.
VanMoof: Insolvency in the UK
A few days back, the Amsterdam-based company also 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.
Further, the company also informed that it is finding the best way forward for e-bikes locked in its Battersea store, which was repossessed by the landlord.
Cowboy to the rescue
Last month, Brussels-based e-bike company Cowboy launched a free application designed to support VanMoof bike riders. The app enables VanMoof riders to generate their unique digital key, granting them access to their VanMoof e-bike settings.
The Bikey App is currently compatible with the widely used VanMoof e-bike models, specifically the S3 and X3. However, the Belgian company plans to extend support to the new S5 and A5 e-bikes soon.
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