Vanmuff declares bankruptcy after failing to raise sufficient funds

Vanmuff, the e-bike company often referred to as the Tesla of e-bikes, has officially declared bankruptcy. Despite raising nearly $200 million in investment, the company was unable to secure additional funding and has ceased production of its bikes. Vanmuff's focus on marketing and design excellence may have hindered its ability to manage supply chain and unit costs. Additionally, the company faced challenges in providing adequate customer support and lacked a strategy for long-term sustainability. The bankruptcy of Vanmuff serves as a cautionary tale for other e-bike companies, highlighting the importance of cost management and a robust support infrastructure.