From VanMoof to VanPoof! How did the e-bike pioneer go bankrupt, even as the market boomed?

Troubled e-bike maker VanMoof — which had raised a total of $189.1 million from the likes of Balderton Capital and Felix Capital, among other investors — has now officially gone bankrupt in the Netherlands after barely a week in an administrative process. As TechCrunch previously reported, the company was in a “suspension of payment” process, with court-assigned administrators, after we broke the news that it had suspended bike sales.
VanMoof owners are now in a quandary, as the VanMoof ebikes require highly customised parts as well as require a unique digital key connected to VanMoof’s server

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