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McLaren Applied purchases bankrupt e-bike maker VanMoof

  • McLaren Applied's electric scooter unit Lavoie bought bankrupt Dutch e-bike maker VanMoof.
  • The purchase involved a "tens of millions" of pounds investment to stabilize and expand VanMoof's business.
  • VanMoof will sell through third-party retailers instead of company-owned stores.
  • McLaren Applied retained VanMoof's managers and may rehire some employees.
  • McLaren Applied will sell VanMoof's new models developed pre-bankruptcy.
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