Jan-Willem van Schaik

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.

BERLIN, Germany - Full-service mobility provider Cycle has acquired the Dutch delivery e-bike manufacturer, Ebike4Delivery. "This strategic acquisition strengthens our position as a provider of e-bike fleets for the delivery industry in Europe," writes Cycle in a statement. The transaction includes the staff, all e-bikes, and existing leasing contracts.

CAMBRIDGE, UK - Barclays Sustainable Impact Capital, Mercia Ventures, the Midlands Engine Investment Fund (MEIF) and Green Angel Syndicate have invested £4 million (€3.4 million) in cargobike manufacturer and logistics provider Zedify. Since its foundation in 2015, Zedify has raised a total of £14.1 million (€11.9 million).

CHANGHUA, Taiwan - Merida Industry Co., Ltd. was particularly hit hard by the slump which hit the bicycle industry last year. In 2023 the manufacturer lost more than a quarter of its revenue. The financial performance at the start of 2024 was still not positive. The turnaround came in April, and Merida suddenly started to report strong growth figures again.

SUZHOU, China - Probably the next big growth market after e-bike is motorbikes. Drive systems are available in the market, although the number of manufacturers is still limited. As a specialist for two-wheel drive systems, manufacturer Bafang has stepped into this future growth market and founded the subsidiary T&D e-Motorcycles business group.