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Giant Joins Shared E-Bike System ConnectBike

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TAICHUNG, TAIWAN – To open up the market for shared e-bikes, the Benelux subsidiary of Giant Manufacturing joined the new B2B platform ConnectBike. For this project a robust e-bike, a service concept and sharing platform are being developed. According to Giant Benelux, “More than 300,000 B2B e-bikes will be on the road in the Netherlands and Belgium by 2022.”

Giant Joins Shared E-Bike System ConnectBike
E-bike2work gathered a coalition of innovative scale-ups and renowned names. – Photo Giant

ConnectBike

www.connectbike.com is an initiative of E-bike2work, a social venture aimed at improving air quality and sustainable mobility in and around cities. E-bike2work gathered a coalition of innovative scale-ups and renowned names. Besides Giant, the coalition includes the hardware and software for shared bicycle systems developer Mobilock. ConnectBike’s strategic partners are insurer Allianz and lease company Arval.

Giant officially reported a net profit increase of 165.2 percent

Full service provider

The partners in the project claim “To offer companies, business centres, organisations and local governments a full service solutions as an alternative to car or public transport.” ConnectBike offers a total solution: bicycle, service, maintenance, breakdown assistance and digital lock. This full-service solution is tailored to the customer’s needs ranging from e-bike sharing program, a private lease solution or a combination of both. It always comes with a breakdown service specifically aimed at the e-bike rider, developed in cooperation with Allianz. This service will be offered throughout the Netherlands and Belgium.

Giant has developed a dedicate ConnectBike which is particularly suitable for takeaway and parcel delivery companies and organisations that opt for shared bicycles. At least 400 employees of the Technical University Delft will soon test the e-bike for the next two months.

E-bikes become leading for Giant

ConnectBike is just one of the indications of the growing importance of e-bikes for the Taiwanese manufacturer. Giant Manufacturing recently announced that e-bikes will surpass 20 percent of its revenue this year. In the same statement, the company also announced to adjust its production in China and Europe, “To circumvent anti-dumping duties levied by the European Commission on electric bikes made in China and tariffs imposed by Washington.”

Giant’s board of directors recently approved an investment plan of 50.49 million euro for its Hungary subsidiary to cement the firm’s position in the European market. “The investment in Hungary aims to build a supply chain close to the market,” a Giant official said to the Taipei Times. Giant also plans to develop electric bike components compatible with various levels of electrical and mechanical systems.

Profit booming

Giant officially reported a net profit increase of 165.2 percent to TWD683.88 million (19.4 million euro) for the first quarter of this year, from TWD257.87 million (7.3 million euro) in 2018. According to Giant, “The increase was driven by a 60 percent increase in electric bike sales in Europe and a slight improvement in the US and Chinese markets.”

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