Gravaa B.V., the Dutch developer of the Kinetic Air Pressure System (KAPS) used by Team Visma-Lease a Bike, has been declared bankrupt by the court in Oost-Brabant, though industry parties have already expressed interest in taking over the company’s assets.
The court issued the ruling on January 20, covering both Gravaa B.V. and its subsidiary Gravaa Production B.V., according to Dutch bankruptcy filings. Mr R.A.M.L. van Oeijen of De Voort Advocaten in Tilburg has been appointed bankruptcy trustee.
Gravaa’s marketing manager Marcel Müller confirmed the bankruptcy proceedings directly to Velora, and shared a statement from CEO and Founder Gertjan van Ginderen.
“Gravaa has started serial production in the Netherlands since last year and…