Néomouv raises the bar after not capitalising on last year's e-bike boom

LA FLECHE, France – Despite the Covid-19 pandemic, French e-bike manufacturer Néomouv concluded 2020 with a turnover of €10 million and a production of 10,000 e-bikes, but this could have been much more. Philippe Vaxelaire, the CEO of the company, explains that he chose to reduce components purchases and production fearing a drop in the sales. A boost in production is planned for 2021.