WELS, Austria - According to Pierer Mobility AG volatile and difficult economic conditions led to a negative first half 2024 result. The company also harmed itself with some short-term strategy changes after entering the bicycle and e-bike business. Now they have to pay the bill. In other words: drastic measures are being taken.
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.
FRANKFURT, Germany - Three successful editions of the 'Eurobike investors lounge' prompted organizer Kindermann Value Creation to launch a wider and more in-depth program for this year. The presentations are primarily geared towards the interests of the guests, who are mainly made up of representatives from leading private equity funds and family offices.
SUZHOU, China - Chinese battery producer Phylion announced a new entity, Joycube, in November 2023, to focus on the e-bike and LEV segment. Amongst the new battery products for the gravel and cargobike sectors on display at Taipei Cycle, the rebranding to Joycube was clearly visible.
WELS, Austria - Pierer Mobility Group warns for more consolidations and job losses in its bicycle and e-bike division in the year ahead in its preliminary financial figures for 2023. The company did report a 9% increase in consolidated sales to a new record of almost €2.7 billion in 2023, but that increase was fully attributed to its motorcycle business.
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 - Poland is gaining relevance for e-bike assemblers and a new factory is on the horizon. Backed by NKI, a Chinese manufacturer of home appliances for the global market, Polana Bikes has ambitions to produce 80,000 e-bikes per year when fully up and running.
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.
FRANKFURT, Germany - The new e-bike range extender of battery manufacturer Tritek will enter mass production this year. The small accessory fits in the drink holder and supports a 3-6A continuous output current to work as a charger to the existing battery pack.
WICKEDE, Germany - Under the Ergotec brand, bicycle parts manufacturer, Humpert has developed the new EG grip series. Presented for the first time at the Eurobike, the series combines ergonomics with dynamic design. The standout feature is the patent-pending adjustable damping properties.
DRESDEN, Germany - E-commerce specialist, BIKE24, reports that it has "solidly navigated the first half of 2022" with full-bike sales up by 12% despite a challenging environment. The German retailer's internationalisation strategy is also paying off with substantial revenue increases in localised markets Spain, France and Italy and new European markets are on the cards.
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.
LEUSDEN, the Netherlands - From today there's a new player in the e-bike drivetrain market, Okawa. With what is calls a "disruptive business model, focused on sustainability and a compelling consumer experience," the start-up offers a versatile model that includes drivetrain subscriptions and a strong service proposition to keep e-bike users on their bike and servicing simple for dealers and agents.
