Envo Drive Systems acquires Veemo from bankruptcy, plans to bring Veemo to market
VANCOUVER, British Columbia (BRAIN) — Envo Drive Systems, the maker of various electric vehicles including e-bikes, has acquired VeloMetro Mobility, a fellow Vancouver-based company, which went bankrupt last winter. Envo says it will bring VeloMetro's principal product, the Veemo electric vehicle, to market by next summer.
Source: bicycleretailer.com
