BinBin, a technology company that produces technology in the field of micromobility and offers environmentally friendly and practical transportation solutions, continues its growth journey without slowing down. By acquiring the shares of Netherlands-based Go Sharing at the beginning of this year and including the Netherlands, Belgium, Germany and Austria in the countries where it operates, the company aims to expand its investments in the Netherlands by acquiring Dutch electric bicycle manufacturer VanMoof.
BinBin, which operates in 6 countries around the world and successfully restarted its operations in 10 different cities in the Netherlands by taking over Go Sharing in early 2023, announced that it aims to make an offer to buy the Dutch electric bicycle manufacturer VanMoof, which declared bankruptcy in July.
Confidentiality agreement signed between BinBin and VanMoof
According to the statement made by BinBin officials, a confidentiality agreement was signed between the two companies and BinBin is examining VanMoof’s data for the purchase decision.
Declaring its bankruptcy on July 18, VanMoof has sold 200,000 bicycles worth more than €2,000 to date. High maintenance costs are cited as one of the main reasons for the company’s bankruptcy. It is believed that these problems can be overcome with the operational arrangements that BinBin, a part of 1000 Investments Holding, will bring as a result of this artificially targeted acquisition.
The acquisition process of the VanMoof brand, which has caught the admiration of the people of Amsterdam, is expected to be completed in the coming weeks.
Source: Egirisim / Prepared by Irem Yildiz