E-bike maker AVE applies for insolvency

'Difficult market conditions' have lead to slow sales, according to manufacturer
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Electric bike label AVE has reportedly applied for insolvency, according to Bike Europe.

'Poor market conditions' during the past year have been blamed for the firm's fortunes, though there is a rumour that the brand will be taken on by Pantherwerke AG. Late deliveries also contributed to the brand's troubles.

The e-bike brand has become known for build quality in the past few years, with the majority of its catalogue based around the renowned Bosch mid-motor system.

AVE bikes are carried by EBC in the UK.

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