E-bike maker AVE applies for insolvency

Electric bike label AVE has reportedly applied for insolvency, according to Bike Europe.

‘Poor market conditions’ during the past year have been blamed for the firm’s fortunes, though there is a rumour that the brand will be taken on by Pantherwerke AG. Late deliveries also contributed to the brand’s troubles.

The e-bike brand has become known for build quality in the past few years, with the majority of its catalogue based around the renowned Bosch mid-motor system.

AVE bikes are carried by EBC in the UK.