https://apnews.com/article/vanmoof-ebike-amsterdam-bankruptcy-dutch-055c30cbfce0970b62d1af094b720e24

AMSTERDAM (AP) — Dutch bicycle maker VanMoof has been declared bankrupt, slamming the brakes on a company that won design awards for its stylish, minimalist electric bikes but struggled to meet soaring demand and fix glitches with the app powering its service.

The Amsterdam-based company, started in 2009 by brothers Taco and Ties Carlier, posted a statement on its website informing clients that an Amsterdam court declared VanMoof bankrupt on Monday.