Jan-Willem van Schaik

AMSTERDAM, the Netherlands - Fundracer BV launched their first micromobility fund with a mission to provide capital and hands-on support to companies poised to become leaders in the fast-growing micro-mobility industry. Founded by bike industry entrepreneurs René Wiertz, Gérard Vroomen, and Andy Ording, Fundracer is expertly positioned to support companies in this market to maximize their chances of success.

TAICHUNG, Taiwan - In response to the trend towards energy-efficient assembly technologies for bicycles, Transart has developed a decal that requires only one baking process. This technology was displayed at Eurobike.

TAICHUNG, Taiwan - A strong presence on the Chinese market is currently vital for the Giant Group. Unlike the struggle with excess inventory in Europe and North America, China is experiencing a recreation cycling boom and Giant Group is greatly benefitting from that market development.

WARSAW, Poland - The total value of the Polish e-bike and bicycle market combined is expected to reach PLN 4.9 billion (€1,13 billion) in 2024. Also the sale of e-bikes has started to increase significantly and is already valued at PLN 1.25 billion (€ 289 million).

SKI, Norway - As the first pneumatic bicycle tyre manufacturer who claims not to use rubber, reTyre can start mass production of their kids bike range. Together with launching partner Frog, the Norwegian company displayed their kids bikes tyre range at Eurobike.

ŠIAULIAI, Lithuania - Overcapacity and a slowdown in demand in Europe were the main reasons for a decline in turnover in 2023 reports bicycle manufacturer UAB Baltik Vairas. In 2023 the company generated a turnover of € 170.96 million, down 7.5% from € 184.9 million in 2022.

LONDON, UK - The British capital has seen a 63% increase in cargo bikes from 2022 to 2023 according to analysis by Clean Cities. Not surprisingly the cargobike industry campaigns for a fair share of the €115 million fund which has been committed by Transport for London for businesses to scrap polluting vans. None of these millions have been dedicated to accelerate the uptake of cargo bikes.

EASTWOOD, United Kingdom - Raleigh UK risks being closed down by the government agency Companies House over its failure to file its financial results. The fully owned Accell Group subsidiary has been given three months to get its affairs in order or face being forced to shut down its operation.

LAUSANNE, Switzerland - The final details on the motor-gearbox system developed by Saga Group will only be presented at the end of this year but their newest product was already on display at Eurobike. Their French production partner FAVI showed the Saga motor-gearbox as an illustration of their capabilities.

LUDHIANA, India - To boost local manufacturing and reduce the country's dependency on imports, the Modi government launched an incentive scheme for 13 sectors in 2020. Other objectives were to attract foreign direct investments and to expand exports. Now the bicycle industry also wants to be included in this scheme.