McLaren Applied Acquires VanMoof, Makes Re-Entry into Cycling Business
Key points:
- McLaren Applied has purchased bankrupt e-bike brand VanMoof
- The acquisition marks McLaren Applied's re-entry into the cycling business
- The deal aims to redefine the e-mobility sector through automotive engineering
McLaren Applied, a former F1-related technology company, has acquired bankrupt e-bike brand VanMoof. The purchase was made by Lavoire, an e-scooter company backed by McLaren Applied. McLaren Applied aims to utilize its expertise in automotive engineering to redefine the e-mobility sector and transform urban transportation. VanMoof, which had faced quality issues, had sold hundreds of thousands of its e-bikes before declaring bankruptcy. With the acquisition, Lavoire plans to stabilize and grow the VanMoof business while continuing to develop its innovative products.
Read more at cyclingweekly.com
The summary of the linked article was generated with the assistance of artificial intelligence technology from OpenAI
