{"id":57235,"date":"2020-02-12T16:33:15","date_gmt":"2020-02-12T15:33:15","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=57235"},"modified":"2020-02-12T13:26:39","modified_gmt":"2020-02-12T12:26:39","slug":"livecycle-insolvency","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/57235\/livecycle-insolvency\/","title":{"rendered":"Livecycle enters insolvency proceedings"},"content":{"rendered":"<div class=\"entry-content\">\n<p><strong>Livecycle, the Munich-based bicycle service provider, has enjoyed steady growth since its founding in 2016: At its most recent peak, the startup boasted 53 employees, seven locations, and several renowned partners. However, the company has now had to file for insolvency under self-administration.<\/strong><\/p>\n\n\n\n<p>Cycling is popular, but not everyone who owns a bike can maintain and repair it themselves. Livecycle offers these services like many other workshops, but goes a step further: With its mobile service, the <a href=\"\/en\/ecosystem\/livecycle-gmbh\/\">Startup<\/a> visits its customers&#039; homes. From flat tire repairs and inspections to complete bike builds, cyclists can select a service and book an appointment on the website. Livecyle also offers B2B services such as leasing solutions and ongoing bike fleet management. The startup is also a partner of numerous bike retailers and brands, such as Rose, Fahrrad.de, Sblocs, and Jobrad.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Lack of funding for Livecycle<\/h2>\n\n\n\n<p>After an initial round of investment from a business angel and the bicycle wholesaler Messingschlager, the startup was unable to find further investors. Due to this lack of interim financing, which led to a liquidity shortage, Livecycle has now filed for self-administered insolvency proceedings. During the proceedings, which are being managed by restructuring consultants Pluta, business operations will continue. The salaries of the 53 employees will be covered by so-called insolvency benefits paid by the Federal Employment Agency. The Munich-based company also plans to use the self-administration proceedings to find new investors. <strong>Andreas Schmidt<\/strong>, Managing Director of Livecycle, explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We&#039;re already in talks with the first interested parties. We&#039;re pleased because we have a pioneering concept for the mobility requirements of tomorrow. Together with the renovation experts, we&#039;re confident we&#039;ll find a reliable partner for future projects.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Asset deal sought<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u00a0&quot;We are convinced by the solution presented by Livecycle and see a realistic chance of achieving a positive result in the short term. Everyone involved is pulling together, and the employees are highly motivated,&quot; <\/p><\/blockquote>\n\n\n\n<p>says Pluta lawyer <strong>Ivo-Meinert Willrodt<\/strong>, who is leading the process. He had already founded the e-mobility startup <a rel=\"noreferrer noopener\" aria-label=\"Eluminocity (opens in new tab)\" href=\"\/en\/?s=eluminocity+\" target=\"_blank\">Eluminocity<\/a> advisory support, which ultimately began in early 2019 <a rel=\"noreferrer noopener\" aria-label=\"taken from Wirelane (opens in new tab)\" href=\"\/en\/44062\/eluminocity-acquired-by-wirelane\/\" target=\"_blank\">taken over by Wirelane<\/a> was. As the <a rel=\"noreferrer noopener\" aria-label=\"&#039;Wirtschaftswoche&#039; (opens in new tab)\" href=\"https:\/\/gruender.wiwo.de\/livecycle-mobile-fahrradwerkstaetten-schlittern-in-die-insolvenz\/\" target=\"_blank\">&#039;Business Week&#039;<\/a> reports, Livecycle is aiming to attract an investor for a so-called asset deal before the actual insolvency proceedings begin. This involves transferring selected assets, such as the trademark rights, while the debts are settled with the old company.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Livecycle, a Munich-based bicycle service provider, has enjoyed steady growth since its founding in 2016: At its most recent peak, the startup boasted 53 employees, seven locations, and several well-known partners. However, the company has now had to file for insolvency under self-administration. Cycling is popular, but not everyone who owns a bike can ride it themselves...<\/p>","protected":false},"author":33,"featured_media":57237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[619,2108,3851],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Livecycle geht in Insolvenzverfahren - Munich Startup<\/title>\n<meta name=\"description\" content=\"Der Fahrraddienstleister aus M\u00fcnchen Livecycle hat ein Insolvenzverfahren in Eigenverwaltung beantragen. Ziel ist ein Asset Deal.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/57235\/livecycle-insolvency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Livecycle geht in Insolvenzverfahren - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Der Fahrraddienstleister aus M\u00fcnchen Livecycle hat ein Insolvenzverfahren in Eigenverwaltung beantragen. Ziel ist ein Asset Deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/57235\/livecycle-insolvency\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-12T15:33:15+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/\",\"url\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/\",\"name\":\"Livecycle geht in Insolvenzverfahren - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg\",\"datePublished\":\"2020-02-12T15:33:15+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/40ec2127e0b2a722f0cb734a53f43509\"},\"description\":\"Der Fahrraddienstleister aus M\u00fcnchen Livecycle hat ein Insolvenzverfahren in Eigenverwaltung beantragen. Ziel ist ein Asset Deal.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#primaryimage\",\"url\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg\",\"contentUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg\",\"width\":2400,\"height\":1602,\"caption\":\"Livecycle\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cms.munich-startup.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Livecycle geht in Insolvenzverfahren\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cms.munich-startup.net\/#website\",\"url\":\"https:\/\/cms.munich-startup.net\/\",\"name\":\"Munich Startup\",\"description\":\"Das offizielle Startup-Portal f\u00fcr M\u00fcnchen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cms.munich-startup.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/40ec2127e0b2a722f0cb734a53f43509\",\"name\":\"Maximilian Feigl\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/194fab98a3d18da0d43ab2b73b348908?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/194fab98a3d18da0d43ab2b73b348908?s=96&d=blank&r=g\",\"caption\":\"Maximilian Feigl\"},\"description\":\"Maximilian Feigl berichtet seit 2020 \u00fcber das M\u00fcnchner Startup \u00d6kosystem. Dabei haben es dem studierten Politikwissenschaftler vor allem Deeptech-Themen angetan.\",\"url\":\"https:\/\/cms.munich-startup.net\/en\/author\/feigl\/\"}]}<\/script>\n<meta property=\"og:image\" content=\"https:\/\/cms.munich-startup.net\/en\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Livecycle enters insolvency proceedings - Munich Startup","description":"Munich-based bicycle service provider Livecycle has filed for insolvency proceedings under self-administration. The goal is an asset deal.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cms.munich-startup.net\/en\/57235\/livecycle-insolvency\/","og_locale":"en_US","og_type":"article","og_title":"Livecycle geht in Insolvenzverfahren - Munich Startup","og_description":"Der Fahrraddienstleister aus M\u00fcnchen Livecycle hat ein Insolvenzverfahren in Eigenverwaltung beantragen. Ziel ist ein Asset Deal.","og_url":"https:\/\/cms.munich-startup.net\/en\/57235\/livecycle-insolvency\/","og_site_name":"Munich Startup","article_publisher":"https:\/\/www.facebook.com\/munichstartup\/","article_published_time":"2020-02-12T15:33:15+00:00","author":"Maximilian Feigl","twitter_card":"summary_large_image","twitter_creator":"@munich_startup","twitter_site":"@munich_startup","twitter_misc":{"Written by":"Maximilian Feigl","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/","url":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/","name":"Livecycle enters insolvency proceedings - Munich Startup","isPartOf":{"@id":"https:\/\/cms.munich-startup.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#primaryimage"},"image":{"@id":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#primaryimage"},"thumbnailUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg","datePublished":"2020-02-12T15:33:15+00:00","author":{"@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/40ec2127e0b2a722f0cb734a53f43509"},"description":"Munich-based bicycle service provider Livecycle has filed for insolvency proceedings under self-administration. The goal is an asset deal.","breadcrumb":{"@id":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#primaryimage","url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg","contentUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg","width":2400,"height":1602,"caption":"Livecycle"},{"@type":"BreadcrumbList","@id":"https:\/\/cms.munich-startup.net\/57235\/livecycle-insolvenz\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cms.munich-startup.net\/"},{"@type":"ListItem","position":2,"name":"Livecycle geht in Insolvenzverfahren"}]},{"@type":"WebSite","@id":"https:\/\/cms.munich-startup.net\/#website","url":"https:\/\/cms.munich-startup.net\/","name":"Munich Startup","description":"The official startup portal for Munich","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cms.munich-startup.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/40ec2127e0b2a722f0cb734a53f43509","name":"Maximilian Feigl","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/194fab98a3d18da0d43ab2b73b348908?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/194fab98a3d18da0d43ab2b73b348908?s=96&d=blank&r=g","caption":"Maximilian Feigl"},"description":"Maximilian Feigl has been reporting on the Munich startup ecosystem since 2020. The political scientist is particularly interested in deeptech topics.","url":"https:\/\/cms.munich-startup.net\/en\/author\/feigl\/"}]},"og_image":[{"width":2400,"height":1602,"url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2020\/02\/rsz_15527.jpg","type":"image\/jpeg"}]},"_showyear":"","_inactive":"","_show_financing":"","_hide_on_map":"","_edit_lock":"1581510403:26","_edit_last":"26","_yoast_wpseo_focuskw":"Livecycle","_yoast_wpseo_metadesc":"Der Fahrraddienstleister aus M\u00fcnchen Livecycle hat ein Insolvenzverfahren in Eigenverwaltung beantragen. Ziel ist ein Asset Deal.","_yoast_wpseo_linkdex":"82","_thumbnail_id":"57237","wbounce_status":"default","_yoast_wpseo_primary_category":"5633","_yoast_wpseo_focuskw_text_input":"","_yoast_wpseo_content_score":"60","ms_image_format":"contentwidth","_ms_image_format":"field_5cb8587572c8b","ms_dachzeile":"","_ms_dachzeile":"field_5cd9b7f365df5","ms_bump_post_date":"","_ms_bump_post_date":"field_5d1341edcf42a","guest_author_name":"","_guest_author_name":"field_5cee78a6016f9","guest_author_image":"","_guest_author_image":"field_5cee7914016fb","guest_author_description":"","_guest_author_description":"field_5cee78dd016fa","ms_post_image_caption":"","_ms_post_image_caption":"","ms_post_image_credit":"","_ms_post_image_credit":"","suppress_startupbox":"","_suppress_startupbox":"","_yoast_wpseo_estimated-reading-time-minutes":"","_wp_old_date":"","_yoast_wpseo_title":"","_yoast_wpseo_wordproof_timestamp":"","footnotes":"","easy_language_simplification_original_id":"","easy_language_source_language":"","easy_language_simplification_language":"","easy_language_api":"","easy_language_prevent_automatic_mode":"","_wp_old_slug":"","_wp_trash_meta_status":"","_wp_trash_meta_time":"","easy_language_simplification_state_changed_from":"","easy_language_de_EL_changed":"","ms_competition_deadline":"","_ms_competition_deadline":"","_wpbitly":"","enclosure":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","wbounce_template":"","wbounce_title":"","wbounce_text":"","wbounce_cta":"","wbounce_url":"","wbounce_override":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_oembed_7131efca3705e16bd9da2c41df237660":"","_oembed_time_7131efca3705e16bd9da2c41df237660":"","_pprredirect_type":"","_pprredirect_url":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_newsletterglue":"","easy_language_text_language":"","_wp_desired_post_slug":"","_relevanssi_noindex_reason":"","_links":{"self":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/57235"}],"collection":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/comments?post=57235"}],"version-history":[{"count":4,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/57235\/revisions"}],"predecessor-version":[{"id":57344,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/57235\/revisions\/57344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media\/57237"}],"wp:attachment":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media?parent=57235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/categories?post=57235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/tags?post=57235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}