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.