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VanMoof’s Bankruptcy Worries Owners of Electric Bikes



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It’s easy to spot VanMoof electric bikes on Amsterdam’s streets. The riders are often young professionals who are barely pedaling as they whiz past fellow cyclists.But those riding the sleek bikes these days aren’t sitting so comfortably.VanMoof, the Dutch e-bike maker that gained a zealous following, tripled its sales in the pandemic and raised more than $180 million in funding, declared bankruptcy last month, leaving riders in limbo. That’s because the eye-catching e-bikes, which start around $2,000, are built from proprietary parts that only the company makes, available mostly at company-run service centers. And many of the bikes’ functions are linked to VanMoof’s smartphone app.“If I break it, or something else happens, I don’t know where to go,” said Gideon Sutaman, 28, who lives in Amsterdam and has been riding his VanMoof e-bike since December.As the e-bike market boomed, the …

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