The Munich-based e-bike startup Sushi Bikes Sushi Mobility GmbH, the company behind the Sushi Bikes brand, faces an uncertain future. According to a ruling by the Munich District Court on November 14, 2025, preliminary insolvency proceedings have been initiated for Sushi Mobility GmbH. This means the company can only dispose of its assets with the administrator's approval. The proceedings are designed to secure the company's assets and assess its financial situation. A final decision regarding the company's future is pending. Opening of insolvency proceedings However, this is still practically pending.
founder Andy Weinzierl confirmed to Munich Startup:
"We are currently examining the possibilities of a renovation."
The company, founded in Munich in 2018, specialized in minimalist e-bikes at affordable prices, targeting young, urban audiences. Early backers included prominent business angels such as TV presenter Joko Winterscheidt, who was a co-founder and investor until 2024, as well as Mymuesli founders Max Wittrock and Philipp Kraiss.
From Corona boom to industry crisis
During the COVID-19 pandemic, Sushi Bikes experienced a period of rapid growth. According to industry reports, bicycle sales across Europe rose by 40 percent in 2020. However, with the end of the boom, the market cooled significantly. From 2023 onwards, average online prices for bicycles fell considerably: by seven percent for racing bikes and by 16 percent for mountain bikes.
According to the 2024 annual financial statement, published in October 2025, Sushi Bikes recorded a net loss of €2.7 million, a balance sheet loss of €7.5 million, and total debt of €4.3 million. To stabilize the business, Sushi Bikes first took out a loan in July 2023. Venture capital financing Investors included STS Ventures from Cologne, BayBG Venture Capital from Munich, and several family offices. Weinzierl explained at the time:
"The new capital simply gives us more leeway. We want to invest more in the brand and professionalize the service segment."
Visiting the company's website today reveals that no products are currently available. Instead, visitors are greeted with the hopeful message, "We'll be back soon!" The website states that they are currently working on important changes and will be available again soon.
The crisis at Sushi Bikes is the latest in a series of crises in the bicycle industry. In recent months, manufacturers such as Möve and Sprick Cycle have also filed for insolvency. Industry experts speak of a correction phase following the boom caused by the Pan-European 1TP1504 pandemic, which is particularly affecting young companies with high production and logistics costs.
