Home / Business / E-bike maker AVE applies for insolvency
'Difficult market conditions' have lead to slow sales, according to manufacturer

E-bike maker AVE applies for insolvency

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.

Check Also

Paligap sees sales increase with Stans NoTubes tubeless system POS

It reported an overall increase of sales by up to 59% to IBDs that have signed up to its in-store POS units