Möve Bikes insolvent, search for investors in full swing

MÜHLHAUSEN, Germany – Another German bike manufacturer has filed for insolvency and the search for investors is now in full swing. Despite gaining interest for its patent protected 'Cyfly' drivetrain, rising debts have sealed Möve Bikes fate. On February 5th, Marcello Di Stefano from Diligens Rechtsanwälte & Insolvenzverwalter GbR was appointed as provisional insolvency administrator.