Micromobility.com’s non-binding offer to acquire VanMoof ‘positively received’

Micromobility.com Inc., the global shared micromobility operator, has announced that it has submitted a non-binding bid to acquire VanMoof Amsterdam.

It comes less than a month after the Amsterdam District Court declared Dutch entities VanMoof Global Holding BV, VanMoof BV and Van Moof Global Support BV bankrupt.

Administrators had been appointed to assess the situation and possibility of a restart, including exploring a sales process for the assets and activities of the brand.

Micromobility says its initial bid demonstrates its commitment to expansion in the micromobility market.

It is unclear if the offer includes the UK arm of the business which has been placed into creditors’ voluntary liquidation.

Salvatore Palella, Micromobility’s CEO, said: “This potential acquisition is part of our long-term strategy to consolidate our leadership in the micromobility market and diversify our portfolio of solutions. VanMoof’s strong brand reputation, innovative e-bike technology, and its unique subscription model perfectly align with our vision for the future of urban transport.”

Upon successful acquisition, Micromobility plans to leverage its advanced e-bike technology and successful subscription model to enhance the group’s product offerings.

The Company intends to continue investing in the e-bike segment, as it sees significant potential in this market in the coming years.

Palella added: “We recognize the challenges the micromobility sector currently faces, but we are firm believers in the transformative power of this industry.

“The potential acquisition of VanMoof, known for its quality and innovation, is an exciting step towards our vision for a more sustainable and efficient future of urban transportation.”

Micromobility says its initial offer was “positively received” and it is now preparing to present its binding offer.

The company will release more information about the acquisition process as developments progress.

The decision on VanMoof’s bankruptcy came sooner than expected after the brand filed for Chapter 11 status to protect it from creditors.

This led to the court ordering a two-month cooling down period to allow administrators to assess the situation in order to find a solution so that VanMoof could continue its activities.

Despite this, the administrators saw no other option than to declare the brand bankrupt.

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