(BRAIN) — The assets of Electric Bicycle Co., which filed for Chapter 7 bankruptcy in October, are being sold this winter. They include the brand and other intellectual property, including a website that allows consumers to order custom e-bikes. The sale also includes inventory and manufacturing equipment.
EBC sold more than 25,000 e-bikes during its time in business, which means there is continued market for repair and replacement parts, noted Laura Belmar, who is managing the asset sale.
The assets include the brand name and website domain name, which the company said retain value, as does a dealer network of more than 100 shops and tour companies. The IP includes product designs, colorways, the online customization engine, supplier relationships, customer lists, past-order history and marketing assets.
The company's assembly equipment, paint shop, tooling, jigs, fixtures, wheel-building tools, completed inventory, and work-in-progress inventory are also being sold.
The seller is now sharing details to potential buyers who execute a non-disclosure agreement. Indications of interest to buy will be due in early January and binding bids will be due in mid- to late January. If an auction is necessary with will take place in early February, with court approval and closing expected in mid- to late February.
Interested buyers can contact laura@oldpostco.com for details.
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EBC's dealer program includes a dealer wall that shows custom options.
