Key facts
- VanMoof, a Dutch e-bike startup, declared bankruptcy in July 2023 after raising over €200 million.
- Rad Power Bikes filed for Chapter 11 bankruptcy in December 2025 and its assets were sold for $13.2 million.
- Lectric eBikes, a bootstrapped company, reported its most successful sales month ever.
The electric bicycle industry has seen several high-profile failures among venture capital-backed companies over the past two years. VanMoof, a Dutch startup that secured over €200 million in funding, filed for bankruptcy in July 2023. Similarly, Rad Power Bikes, a Seattle-based company that raised $330 million and was once valued at $1.65 billion, filed for Chapter 11 bankruptcy in December 2025. Its assets were subsequently sold for $13.2 million. In contrast to these failures, Lectric eBikes, a company that has not relied on venture capital funding, has reported its most successful sales month to date.