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Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following. ....
Just over a month after it declared bankruptcy, e-bike maker VanMoof has found a new home. Lavoie, the electric scooter division of McLaren Applied, has agreed to buy VanMoof and make investments in it to grow the business. ....
McLaren Vanmoof Buy: VanMoof was declared bankrupt on July 18. It sold around 200,000 electric bikes for more than 2,000 euros (USD 2,176) each before going bankrupt, partly due to high maintenance costs. ....
LONDON/AMSTERDAM (Reuters) -Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, said on Thursday it has agreed to buy bankrupt premium Dutch e-bike maker VanMoof and will invest to stabilize and expand its business. Lavoie and McLaren Applied did not disclose terms for the purchase, but McLaren Applied Chairman Nick Fry told Reuters that including the capital needed to stabilize VanMoof there would be an investment of "tens of millions" of pounds "in the short term." "This is a huge opportunity for us as this (VanMoof) is a company with a brilliant product," Fry said. ....
Veo, one of the shared micromobility firms that secured New York City's e-scooter permit, is moving into retail. Starting Thursday, the company will be selling its Cosmo X seated, pedal-less scooter across the United States. Veo will start with a small pilot and limit its first batch to 1,000 scooters in 2023. ....