Micromobility submits bid for Dutch e-bike maker VanMoof (updated)

micromobility.com

31/07/2023 19:08

(Adds background)
       PARIS, July 31 (Reuters) - Nasdaq-listed
Micromobility.com  MCOM.O  said on Monday it had submitted a
non-binding bid to acquire bankrupt Dutch electric bike maker
VanMoof Amsterdam for an undisclosed sum.
    Its initial non-binding bid was positively received and the
company is now preparing to present its binding offer, it said
in a statement. No financial details were given. 
    VanMoof was declared bankrupt on July 18. It has said that
administrators are now considering whether it can sell assets
and restructure to save the business.
    VanMoof sold around 200,000 bikes for more than 2,000 euros
($2,250) each before going bankrupt, partly due to high
maintenance costs.
    With a sleek, simplistic design and a battery built into the
frame, the bikes have become common on the streets of Amsterdam,
where the company was founded in 2009.

 (Reporting by Anthony Deutsch and Geert De Clercq; Editing by
Angus MacSwan)
 ((geert.declercq@tr.com;))