Estonian e-bike manufacturer Ampler Bikes OÜ has filed for bankruptcy with Harju District Court, prompted by an unresolved legal dispute related to the lease agreement for its Berlin showroom.
The parent company’s move followed the insolvency filing of its German subsidiary, while the Swiss unit is expected to face the same fate in the coming days, Delfi reports. Although the court has not yet officially declared bankruptcy, the company’s management considers it inevitable.
In a notice to investors, Ampler board member Kristjan Maruste said the main trigger behind the bankruptcy filing was a 10-year lease agreement for the company’s Berlin showroom signed in 2021, which proved too ambitious for Ampler and impossible to exit.
Ampler…