VanMoof declares bankruptcy in the Netherlands, future uncertain as administrators explore asset sale

Dutch e-bike manufacturer VanMoof has filed for bankruptcy in the Netherlands after facing financial difficulties.
The company had entered a "suspension of payment" proceeding last week but was ultimately declared bankrupt by a Dutch court.
Administrators have been appointed to assess VanMoof's situation and consider selling assets to allow operations to potentially continue.
While international subsidiaries are not part of the bankruptcy proceedings, there are concerns about the implications for customers and bike functionality.
The market for e-bikes continues to boom globally, raising questions about how VanMoof failed amid high demand.