In recent years, VSF Bicycle Technologi GmbH has been struggling financially due to a sharp decline in market volume at the end of 2023. The company, founded in 2020 and based in Regau, Upper Austria, manufactures bicycles for national and international brands and has recently expanded its business into e-bikes, e-scooters and new mobility vehicles.
Despite the challenges faced by the company, they continue to offer a comprehensive service package that covers every step of the manufacturing process, from design to delivery. The company prides itself on maintaining maximum quality throughout the value chain, providing flexibility in production processes and performing assembly and painting in Europe.
To meet these challenges, VSF Bicycle Technologi GmbH implemented cost-saving measures and reduced its workforce from 49 to 15 employees. However, despite the difficult situation, the company is exploring possibilities for continuing operations and is in negotiations with potential investors. Creditors were proposed a restructuring plan offering a 20% repayment within 2 years. The bankruptcy trustee assesses the possibility of continuing operations without further losses for creditors.