Global shared operator Micromobility.com Inc has announced that it has submitted a non-binding bid to acquire Dutch e-bike maker VanMoof.
It comes after the court of Amsterdam officially declared bankruptcy for VanMoof’s Dutch legal entities. The court had appointed two trustees to explore an asset sale to a third party to keep VanMoof and its 190,000 customers moving.
Micromobility.com’s CEO Salvatore Palella told Zag Daily that, as it considers this potential acquisition, there are two core reasons that make VanMoof particularly attractive.
“Firstly, we see immense value in VanMoof’s innovative e-bike technology,” he said. “Their commitment to revolutionising the way we move in cities aligns with our mission at Micromobility.com. We believe that integrating their advanced e-bike technology into our portfolio would significantly enhance our offerings and allow us to better serve our customers in the rapidly evolving micromobility landscape.
“Secondly, VanMoof’s unique subscription business model is impressive and has proven to be very successful. The flexibility and affordability it provides to users make it a future-forward strategy that we believe is key to driving mass adoption of sustainable transport options.”
In terms of Micromobility.com’s expansion strategy, while the New York-based firm continues to focus on serving its existing markets, VanMoof’s Amsterdam roots makes this potential acquisition a strategic step towards deepening its presence in the European market.
The company is now preparing to present its binding offer.
Micromobility.com will release more information about the acquisition process as developments progress.
