The British McLaren Applied subsidiary Lavoie buys the insolvent e-bike manufacturer VanMoof. The companies announced this in a press release. The acquisition is expected to bring stability to VanMoof’s operations, which were idle for weeks after it was declared bankrupt in July.
The parties are silent about the financial background of the deal. McLaren Applied CEO Nick Fry told Reuters news agency that it would be “tens of millions of pounds” in the short term. The Dutch judiciary had declared VanMoof Global Holding BV, VanMoof BV and VanMoof Global Support BV insolvent in July. Previously, the e-bike manufacturer stopped selling bicycles on its website and closed its retail stores in cities like Berlin, Amsterdam, London and Paris. In addition to Lavoie, the Micromobility holding group, among others, was interested in taking over the Dutch e-bike manufacturer.
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“The acquisition of VanMoof underscores our commitment to strengthening and growing our world-leading e-mobility business,” McLaren CEO Fry wrote in the statement. “We see tremendous potential to change the way people move around the world’s congested cities in a more active and enjoyable way.” McLaren Applied is a British technology company that was part of the McLaren Group until 2021 before being sold to investment firm Greybull.
E-bikes should stay on the road
McLaren Applied subsidiary Lavoie has so far been known primarily as a manufacturer of e-scooters. “With the next generation of e-bikes, intelligent technology, innovative design and a loyal customer base, VanMoof and Lavoie are a perfect match,” said CEO Eliott Wertheimer about the deal.
VanMoof has 190,000 customers worldwide. The aim of the takeover is to keep these drivers on the road – many VanMoof customers were concerned about the functionality of their bikes after the bankruptcy. VanMoof’s business should be stabilized and expanded efficiently, promises Wertheimer.
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