SCHRAMBERG, Germany - German precision gear and component manufacturer hGears AG reports a consolidated revenue of €84.1 million from January until October, a year-on-year decline of 18.8%. This decline is attributable to market difficulties for the e-mobility as well as the e-tools division.
BERLIN, Germany - The inevitable announcement of the end of online retail giant Signa Sports United N.V. has come after a period of endless speculation. The parent of some online platforms including Wiggle, Chain Reaction Cycles, Probikeshop, Bikestar and Fahrrad.de filed for insolvency at the court in Bielefeld, Germany. This unfolding drama might have a major impact on the instable inventory situation.
CHICAGO, USA - The long expected official statement by SRAM on the introduction of an e-bike dive system came in today. Remarkably and without giving any explanation, SRAM writes that the drive unit is powered by Brose.
FRANKFURT, Germany - One of the world's major motorcycle accessories suppliers SW-Mototech debuted its own cargobike during this year's Eurobike. The Via 1 will be fully assembled in Rauschenberg, Germany and should be available from spring 2024.
SEATTLE, USA - In a publication on its website, Rad Power Bikes has announced it will pull out of the European market. The company wants to focus on its home market in North America, "in order to be competitive and successful in the long term."
OBERRIED, Switzerland - The strong competition in the Swiss speed-pedelec industry is preparing to welcome a new player. Thomas Binggeli has surprised everyone once again: after leaving Stromer as a partner and member of the board of directors in 2021 to concentrate on his traditional brand Thömus, he is now launching a new brand, Twinner - a premium speed-pedelec that is set to reach new standards.
MUNICH, Germany - Bikesale Solutions GmbH, Germany's 'first professional online bicycle market-place for used bicycles' asked for insolvency on March 29th. The appointed administrator is now looking for an investor for the ailing bicycle refurbisher.
SCHRAMBERG, Germany - The importance of e-bike precision component production becomes more important for hGears year after year. In its 2022 annual financial results, the company clearly states that the growth in the e-bike and e-mobility components market compensates for the loss in the automotive and e-tools business.
ZEIST, the Netherlands - Are e-bikes sensitive to fires or not? Experts don't quite agree on that. But if they catch fire, they are often difficult to extinguish. The tiny fire extinguisher E-Bulb is the latest weapon in the battle against e-bike fires.
When Yamaha introduced their Power Assist System bicycle (PAS) back in 1993, few people could have foreseen the impact that the world's first production e-bike would have on the future of personal mobility. With a wealth of technical expertise gained over nearly 30 years, the Japanese company's range of drive units has earned a worldwide reputation for quality and reliability.
MILAN, Italy - The family investment vehicle of Victor Luis, announced today that it had acquired 100% of Gruppo Srl, parent company of the Italian heritage brands Cinelli and Columbus.
BERLIN, Germany - Sports e-commerce and technology platform Signa Sports United (SSU), which has been trading on the US Nasdaq exchange since 15 December 2021, has announced financial results for the first sales quarter of its 2021/2022 fiscal year. Despite supply setbacks, SSU is 'pleased' with the achieved revenue growth.
BRUSSELS, Belgium - Cycling Industries Europe is hosting a webinar on February 23rd as part of its Cycling Innovation Network (CIN). With two top level speakers, the webinar will examine what the innovation process looks like in large companies.
MAGDEBURG, Germany - German bike manufacturer Urwahn Engineering GmbH, which relies on steel in the 3D printing process, has won over "a select group of top-class business angels" to push their business forward. Together they have invested an unspecified seven-digit sum in the young company founded by Sebastian Meinecke and Ramon Thomas.
VIENNA, Austria - The company's first foldable gravel bike has already made an appearance at the Pro Days in Paris (July 18-20) and Eurobico in Frankfurt (July 24-26). The Viennese folding bike manufacturer combined the flexibility of a folding bike with riding performance for off-road use.
FRIEDRICHSHAFEN, Germany - Registration has now opened for this year's Eurobike Award. Companies, designers and developers of the international bike and mobility sector have until 8th July to register their new products for the 16th edition of the Eurobike Award 2021. The winning products will be showcased at this year's event scheduled for 1-4 September.
SERZEDO, Portugal - Europe's largest bicycle producer in units, RTE, is strategically expanding its business. On the one hand, an e-bike factory for its own young e-bike brand Beeq as well as for (OEM-) production has been started by the Portuguese near the existing bicycle factory in Serzedo. Furthermore, in Poland another RTE factory is currently under construction.
REDDITCH, UK - The latest seven weekly set of figures from the UK's leading cycle retailer Halfords shows annual profits for the 2020/21 financial year are expected to be in the range of £90-£100 million (€104-€115 million). These 'better-than-expected' figures are underpinned by spectacular cycling sales figures.
SUZHOU, China - Bafang is investing in a new facility for the development and production of high-end battery packs. 'Bafang New Energy' is the project name of the third wholly owned subsidiary in China created by the e-drive systems manufacturer.
OSAKA, Japan - In its financial statement of the first half of 2020 the Shimano Group reports a decline in sales of its bicycle component segment of 14.6%. From the same period of the previous year, bicycle components turnover slid to JPY 122,6 million (€992 million), and operating income was down 19.7% to JPY 22,96 million (€186 million).
