Home » today » Business » Turkish Company BinBin Plans to Acquire Bankrupt E-Bike Maker VanMoof: Latest Updates and Plans

Turkish Company BinBin Plans to Acquire Bankrupt E-Bike Maker VanMoof: Latest Updates and Plans

Mobility•23 Aug ’23 16:00•Edited on 23 Aug ’23 23:39Author: BNR Webredactie

The Turkish BinBin wants to take over VanMoof. This is what the mobility company says in a statement. A non-binding offer has been made for the bankrupt e-bike maker and that would have been received positively. BinBin is preparing a binding offer.

The S5 from VanMoof. The e-bike maker went bankrupt in July. Since then, work has been underway on a restart (VanMoof)

BinBin, provider of shared mobility in six countries, says it wants to close a deal in the coming weeks. The possible acquisition of VanMoof follows the previous purchase of GO Sharing, the scooter sharing company that went bankrupt at the beginning of this year.

Also read | VanMoof had financial problems early on

Binding offer

The Turkish company is now preparing to make a binding offer, according to a press statement. No financial details have been disclosed. It is also unknown what the company plans to do with the e-bike maker.

Also read | Talks resume VanMoof in final phase

Final phase

VanMoof went bankrupt on July 18. Since then, trustees Jan Padberg and Robin de Wit have been in talks with various parties about a possible restart of VanMoof. They say they are not familiar with BinBin’s offer.

2023-08-23 21:39:00
#Turkish #company #BinBin #VanMoof

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.