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Sushi Bikes Files for Insolvency in Munich as Webstore Shuts

The company says it is weighing a restructuring to keep operating after heavy 2024 losses.

Overview

  • Sushi Mobility GmbH filed for insolvency on November 14 at the Amtsgericht München, according to court records.
  • The startup has told reporters it is examining restructuring options with the stated goal of continuing business.
  • Its 2024 accounts, published in October, show a €2.7 million annual loss, a €7.5 million accumulated deficit, and total liabilities of €4.3 million.
  • Online sales are paused, product pages are unavailable, and the site directs users to a support link while stating inventory is depleted.
  • Founded by Andy Weinzierl with early backing from Joko Winterscheidt, the company pursued VC funding in 2023 and retail and leasing partnerships, as the bicycle sector cooled and several rivals also entered insolvency.