Jo Beckendorff

STUTTGART, Germany - For the first time, a bicycle share index certificate has been listed on the Frankfurt Stock Exchange. BeneFaktorIndex Bike was initiated by asset manager and index allocator, Daubenthaler & Cie. GmbH. They are developing financial products oriented towards the common good. Is that possible?

BERLIN/Germany - Bicycle and sports e-commerce platform, Signa Sports United, which is currently preparing for an IPO on Nasdaq, announced a strategic partnership with software developer, Motesque GmbH & Co. KG. computer vision and artificial intelligence (AI), they plan to launch

CHANGZHOU, China - Rooted in its domestic market as an e-motor scooter manufacturer, Niu Technologies announced the expansion of its product portfolio with e-bikes as well as e-scooters and e-motorbikes to grow its presence internationally.

MUNICH, Germany - Is the supply chain problem really creating further opportunities for newcomers? The founding duo of the CIP Group are sure they've caught the right moment for their fledging micro-mobility platform Mocci. With their Smart Pedal Vehicle (SPV), they say they have not reinvented the bicycle or pedelec, but they have developed a new class of vehicle. What kind of e-cargo bike are they talking about? And for whom is it created?

RHEDA-WIEDENBRÜCK, Germany - Mid-2019 German bicycle supplier Prophete Group ran into difficult waters. The owner families Lönne and Prophete brought turnaround consultancy Struktur Management Partner GmbH on board. Interim manager Felix Schwabedal was tasked with designing and implementing the restructuring.

CLOPPENBURG, Germany - Since 2005, the venerable British bicycle brand Raleigh has been rolling into the German-speaking market as a licensed brand through the Pon Bike Group. With the license contract with Accell Group set to expire at the end of September 2023, both parties have already agreed to transfer Raleigh's DACH (Germany, Austria and Switzerland) distribution back to the Accell Group.

DARMSTADT, Germany - Software developer and owner of It's My Bike, IoT Venture GmbH, has successfully closed a Series A financing round. The investment volume which amounts to €1.2 million comes equally from BMH Beteiligungs-Managementgesellschaft Hessen mbH and venture capital provider Mobility Boost GmbH and will be used to further scale the company.

KOBLENZ, Germany - An unexpected change in leadership at online seller Canyon with the announcement that CEO Armin Landgraf will leave his position on short notice. On 1 October current CFO Winfried Rapp will take over Landgraf's management on an interim basis.

MUNICH, Germany - E-bike drivetrain provider Fazua GmbH has officially announced the acquisition of drivetrain technology sensor manufacturer Innotorq GmbH. No details have been given about the sale price.

ELCHE, Spain - Spanish premium bike supplier Mondraker has moved to its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building packs everything under one roof, offices as well as production. According to the company this creates synergies and increases efficiency.