Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation.
“It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark Tank.”) “A hardware problem has put an end to the adventure, despite all our efforts and the incredible work of all our employees.”
Originally founded in 2019, Angell set out to create an electric bike with several smart and connected features. Its original bike packed a small color touch screen in the middle of the handlebar to display relevant information and give turn-by-turn directions. It could…
