AMSTERDAM, the Netherlands - Despite still being in the negative, Swapfiets has reported significantly reduced losses last year. The Amsterdam-based company, and subsidiary of Pon Holdings, recorded a net loss of €14.2 million in 2024 — 14% less than the previous year.
GENEVA, Switzerland - The globally operating testing, inspection and certification company SGS announced its expansion in the bicycle and e-bike sector with the takeover of EFBE Prüftechnik GmbH and EFBE Co., Ltd. EFBE was the tenth takeover in line since January this year for SGS.
BRUSSELS, Belgium - E-bike brand Cowboy has broken its recent silence to announce new milestones in the form of short-term financing and brand partner Rebirth Group — and to address the variety of complaints lodged against the company in the past few months.
ROVERETO, Italy - An additional funding of €1.6 million, following a previous pre-seed investment of €1 million raised from shareholders including Trentino Invest, makes it possible for Bikeflip to initiate further European expansion. "This investment confirms confidence in the project, supported by significant growth metrics in transactions and the availability of various bicycle models on the platform," says Bikeflip CEO Andrea Maranelli.
MILAN, Italy - Following a €500,000 round in 2023, Bikeroom - the Italian online marketplace for new and pre-owned bikes has closed off a new €3 million investment round. The funding will support the retailer's rapid European growth and help scale its commercial and technological infrastructure.
FRANKFURT, Germany - Brockhaus Technologies, the parent company of German bike leasing provider Bikeleasing-Service GmbH, has announced a projected revenue increase of 10-15% in 2025, targeting between €225-335 million. The company, which focuses on tech-driven business models, is in the midst of a pivot to becoming a broader multi-benefit platform.
LONDON, UK - British mobility insurance firm Laka has secured $10.4 million (€8.9 million) in a Series B funding round, it announced this week. The move strengthens the company's goal to lead the green mobility insurance market for e-bikes, e-scooters and sustainable transport across nine European Union markets and the United Kingdom. The round was co-led by Shift4Good and MS&AD Ventures, with participation from existing backers including Ponooc and Porsche Ventures.
TALLINN, Estonia - Vok Bikes, the Estonian company behind a new generation of four-wheeled electric cargo bikes, has raised US$6 million (€5.12 million) to further expand across Europe and accelerate the shift away from vans in city centres. The Series A funding round is led by SQM Lithium Ventures, the corporate venture capital team affiliated with SQM International Lithium (SQMi), a global leader in lithium production.
FRANKFURT, Germany - The investors' lounge at Eurobike was introduced at the peak of the investors' enthusiasm for the e-bike industry. The sales boom in 2020-2021 made venture capitalists line up for the bicycle industry and poured millions into the industry across Europe. But those days are over, and investor behavior has changed.
PALENCIA, Spain - To develop solutions that improve the efficiency and performance of e-bikes, Mahle SmartBike Systems has announced a new investment round of between €10 and €12 million annually in R&D. The announcement came shortly after Mahle CEO Arnd Franz stated that, "the e-bike sector was their standout success, supplying more than 60 e-bike brands across all segments."
KOBLENZ, Germany - The current market dynamic, with aggressive discounting campaigns and forecasts that frequently postpone market recovery, affects how investment funds view the market. At the peak of the market in 2020, Groupe Bruxelles Lambert (GBL) bought just over 50% of the shares of Canyon Bicycles at €400 million. In the GBL 2024 financial report, only €260 million is left.
SHENZHEN, China - Folding bike manufacturer, Dahon is seeking capital and submitted an IPO prospectus to the Hong Kong stock exchange earlier this year. The company reports it is planning to list on the main board, with China Securities International serving as the sole sponsor.
GIRONA, Spain - Tech start-up Niche Mobility has secured €1.6 million in funding to power the next development stages of its patented ADTS electric motor for e-bikes. In March, the Spanish company closed its successful investment round, led by strategic partner Copreci and supported by the Mondragon Promotion Fund and regional investors.
