Court: VanMoof can defer payments amid financial uncertainty; Company closes stores

VanMoof can no longer pay its bills, a spokesperson for the District Court in Amsterdam confirmed to NRC. After negotiations about a new capital injection failed, the bicycle brand's parent company applied permission from the court on Tuesday evening to delay payments. A group of about ten customers were left waiting outside the VanMoof bicycle manufacturer's flagship store in Amsterdam-Oost on Wednesday afternoon. The company recently announced they will stop selling new bicycles, with several media outlets reporting about financial uncertainty within the business. In its preliminary annual report about 2021 figures, which was not actually published until January 2023, VanMoof warned that it was uncertain whether the company would survive.