Less than a week ago, the once highest-funded electric bike brand in the world, VanMoof, declared bankruptcy. Now a post-mortem of the company shows what went wrong for the high-tech e-bike maker and why an e-bike that is the antithesis of a VanMoof might hold the answer for the future of the industry.
Voices from all over the industry have jumped at a chance to tell us why VanMoof failed, with the reasons mostly coming down to attempting to grow too quickly, over-reliance on high tech, expensive proprietary technology, and the inability to service its growing customer base’s complex e-bikes.
But more important than just what went wrong at VanMoof is a discussion of what needs to go right as the e-bike industry rolls forward.
In a recent missive written by Tuuli Jevstignejev, the biking industry expert details why VanMoof’s direction was the wrong path and which course is best for both riders and the e-bike companies that exist to serve them.
Tuuli Jevstignejev on her e-bike of choice, an boldly colorful Ampler Curt
Tuuli’s biking bona fides are irreproachable. She’s worked for and advised some of the biggest names in the industry, has a phone full of the numbers of the most famous biking athletes and extreme sports aficionados in the world, boasts a tattoo of every European city she’s lived in – each more bikeable than the next – and currently serves as the CMO at Ampler Bikes.
And her message likely won’t come as a shock, especially since much of it was heard just a month ago when she sat shoulder to shoulder with Taco Carlies, CEO of VanMoof, on a panel at the Micromobility Europe conference in Amsterdam. I was there that day enjoying an even better than front row seat to the meeting of industry titans – I was on stage hosting the panel.
When I asked Tuuli about the biggest industry challenges to growing e-bike ridership, she didn’t give the same usual response of “getting butts in seats for test rides” or “creating new features and tech.” Instead, her message was simple. In fact, it was about simplicity itself:
One of the biggest challenges in our industry is to make sure we have quality over quantity and that we are able to service the bikes. If you grow too big too fast, then very often, that’s not the case anymore.
Our biggest challenge is to maintain customer happiness and product quality. We can do that by standardizing e-bikes so that people can either service the bikes themselves or take them to a regular bike shop, so it’s not difficult to manage the product after the purchase.
Just moments later I asked VanMoof’s cofounder and CEO Taco Carlies about his thoughts on constantly iterating new e-bike models with yearly releases like the cellphone industry versus doubling down on tried-and-true designs with longer product cycles.
As you can imagine, VanMoof’s CEO favored the model of constantly updating products to create a steady release of e-bikes with new features:
I think if you look at the entire industry, I think that the industry is still innovating at a very rapid pace, and if you compare it with the iPhone, we’re probably somewhere now at the time of the iPhone 3, 4 or 5. So lots of brands are introducing new models and they always have some cool new features. Motor technology is improving fast, battery technology is improving, so I still think it makes sense that brands introduce new models every year or two.
Holding an obviously different view, Tuuli was quick to jump in with a response right after VanMoof’s CEO finished. And now with VanMoof’s bankruptcy less than a week behind us, her words ring eerily true:
As Tuuli stated on the panel:
I have a very polarizing opinion on that. I feel like we have a lot of technology around us and it’s very distracting. The trend I would like to see is to go back to basics so that e-bikes get more standardized and simpler. I feel like we don’t need a new iPhone every year, I think it’s very wasteful. You don’t always have to keep yourself in the game just by launching something new and shinier when you can also just make some tiny corrections and improvements on existing products. I feel like like we’re all doing a great job getting more people outside of cars and on bikes, which is the main purpose of what we’re all doing, but I also feel like we all need to look into how we do it right.
Ampler’s e-bikes are entirely built in Europe and designed for simple servicing
With more time to reflect on those ideals, in her recent post Tuuli discussed even further how we can achieve that goal.
Tuuli explained:
So what’s the solution? We still want to get people out of cars and onto bikes, so having a simple product that brings you from point A to point B – which should look good and feel great riding – should be the norm. You should be able to switch your handlebars or pedals if you don’t like the ones you get, you should be able to continue cycling if your battery dies, and you should be able to get a quick fix for your bike from that bike shop down the street that’s been there for 40+ years.
It’s a process that has resulted in slick-looking e-bikes that frankly don’t even look like e-bikes at all. And that’s kind of the point. The “e” part of the bikes doesn’t set them apart, it simply makes them easier to ride. But at the end of the day, they’re a basic, high-quality bicycle just like any other you’d find across Europe. And that’s why they can be easily serviced at home or in any bike shop.
Last summer I spent a day exploring Estonia’s capital city Tallinn on an Ampler Axel
As Tuuli continued:
Ampler is a simple, straightforward, and purposeful bike in essence. It’s been built and designed to look and feel like a regular bicycle. The whole purpose of the product is to accommodate different customer needs for frame sizes (and we have a lot) or the possibility of adjusting the bike to their personal needs. And yes, having so many product categories and frame sizes in stock is not always easy. Still, Ampler also never had the ambition to go for the fast hypergrowth path. A good example of having a sustainable growth mentality is that the bikes are all hand assembled in our own factory in Europe, Estonia.
Electrek’s Take
I enjoy new technology as much as the next guy, but there is a time and a place. And the machine that I use for a critical task like carrying me around town isn’t where I want the most cutting-edge, proprietary tech that will be quickly obsolete.
Hundreds of years ago we got around on horses, which when well taken care of, were a long-term transportation method. Even 150 years ago, trains were a long-term solution. Cars built 50-75 years ago still run today, as they were built to last. It makes no sense that an e-bike built this week is something so tech-infused that it is quickly obsolete or replaced by a new generation every 12 months. Like any form of transportation, it should be designed to be serviceable for an extended lifetime.
Ampler isn’t the only company doing this, but it is a good example of one that has made this model a priority. And I hope more brands see the value in that.
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Is Nissan raising the red flag? Nissan is now asking suppliers to delay payments, sparking concern over the automaker’s future.
Nissan asks supplier to delay payments to free up cash
As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.
According to several emails and company documents (via Reuters), Nissan is working with its suppliers to delay payments.
“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.
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The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.
The new Nissan LEAF (Source: Nissan)
One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.
Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.
Nissan N7 electric sedan (Source: Dongfeng Nissan)
“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.
Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)
The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.
As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.
Electrek’s Take
With an aging vehicle lineup and a wave of new competition from China, such as BYD, Nissan is quickly falling behind.
Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.
In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.
The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.
Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.
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Ford has long been rumored to be in discussions with Tesla about licensing its Full Self-Driving technology, but CEO Jim Farley has now shut down those rumors.
Farley confirmed that Ford talked with Tesla, but he believes Waymo has a better solution.
Ford was rumored to be the automaker in question due to its limited effort in autonomous driving and the fact that it was the first automaker to initiate the adoption of Tesla’s charge connector as the new North American standard.
The rumors might have been true, as CEO Jim Farley confirmed that Ford was in talks with Tesla about self-driving during a talk at the Aspen Ideas Festival last week.
He said that he talked with Musk and admitted that both Waymo and Tesla have made progress toward self-driving, but he sees LIDAR, which Waymo uses but Tesla does not, as a critical part of self-driving.
Farley was directly asked what approach made more sense (via Fortune):
“To us, Waymo,” Farley said. He pointed out that both Waymo, owned by Google-parent Alphabet, and Tesla “have made a lot of progress” on self-driving, and Farley acknowledged that he has had conversations with Elon Musk. But he stated that Ford considered LiDAR to be an important part of the picture, noting that “where the camera will be completely blinded, the LiDAR system will see exactly what’s in front of you.”
Ford invested approximately $1 billion in Argo AI, a self-driving startup in partnership with Volkswagen. However, it ceased funding the company in 2022, and Argo AI was subsequently dissolved, with the two automakers integrating their technology.
After this setback, Ford said it would partner with self-driving companies once the technology is further developed.
Waymo has first been focused on developing its own vehicles for autonomous ride-hailing, while Tesla has been trying to bring consumer autonomous vehicles to market.
These different approaches have been reversing lately with Tesla launching a pilot program for its own autonomous ride-hailing fleet after years of failing making its consumer vehicles self-driving.
Tesla shareholders have been hoping for those talks that Musk has been teasing for years to come to fruition, and have an automaker validate Tesla’s approach to self-driving.
It looks like it won’t be Ford and it looks like Ford might have been that “one major automaker” in discussion with Tesla.
As Farley put it, they want to take a careful approach to self-driving, and if that’s your goal, Tesla might not be the best partner.
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Construction work on solar power arrays continues at rPlus Energies’ Green River Energy Center in Emery, Utah, U.S. June 11, 2025.
Jim Urquhart | Reuters
Clean energy stocks fell on Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and abruptly phases out key credits.
The Senate is voting Monday on amendments to the legislation. The current draft ends the two most important tax credits for solar and wind projects placed in service after 2027.
“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” Tesla CEO Elon Musk posted on X over the weekend. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”
Previous versions of the bill were more flexible, allowing projects that began construction before 2027 to qualify for the investment and electricity production tax credits, according to Monday note from Goldman Sachs.
Compressed timelines
The change “compresses project timelines and adds significant execution risk,” Bank of America analyst Dimple Gosal told clients in a note Monday. “Developers with large ’25 pipelines, may struggle to meet the new deadlines — potentially delaying or downsizing planned investments.”
The Senate legislation also slaps a tax on solar and wind projects that enter service after 2027 if they use components made in China.
“The latest draft in the Senate has become more restrictive for most renewable players, moving toward a worst case outcome for solar and wind, with a few improvements for subsectors on the margin,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.
To be sure, the rooftop solar industry is viewed by Wall Street as a relative winner from the bill, with Sunrun shares up more than 7% and SolarEdge trading more than 3% higher on Monday. The legislation seems to allow tax credits for leased rooftop systems to remain in place through the end of 2027, which was not the case in previous versions, according to Goldman Sachs.
And First Solar is up more than 7% as the legislation seems to allow the manufacturer to claim credits for both components and final products, according to Bank of America.