Following the recent rescue of VanMoof, another e-bike company is now in financial trouble. Danish brand Mate Bike is currently taking steps to try to avoid bankruptcy and continue trading. Various factors appear to have contributed to the problem, including a drop in demand and supply chain issues.https://www.notebookcheck.net/Mate-Bike-is-latest-e-bike-brand-to-face-financial-problems.761590.0.html
Most of the e-bikes as well as conventional bicycles released over the last several years are ugly, heavy and way too costly for your average consumer. Little wonder, then, that the companies releasing that crap end up going bankrupt.