Hundreds of e-bikes up for sale after firm folds

Hundreds of e-bikes have been put up for sale following the collapse of a Dundee-based hire company.

The move comes after provisional liquidators from FRP Advisory were appointed to wind up Ride-on Scotland.

The company's entire fleet has been put on the market, including 200 e-bikes located in Dundee and 300 at its Leicester base.

Charging systems, software and maintenance systems have also been put up for sale.

Founded in 2018, Ride-on Scotland was bought by Enzen Ltd in 2020.

Dundee City Council and Leicester City Council had awarded contracts to Ride-on to operate the services.

FRP Advisory said the business had suffered "unsustainable working capital and cash flow problems" due to a lack of investment.

Ride-on and its operations in Dundee and Leicester have now ceased trading and all nine employees have been made redundant.

A Leicester City Council spokesperson said it was disappointed that the scheme would not be able to continue as it had "the potential to increase cycling as a preferred form of transport in the city".

Joint provisional liquidator Callum Carmichael said: "We will shortly be selling a modern fleet of urban hire e-bikes and infrastructure that would appeal to an existing operator or an entrepreneur looking to enter the growing urban e-bike hire market."