OLI eBike Systems is responding to the rapid evolution in electric mobility. Under the new leadership of CEO Giorgio Gavioli, the company is strategically focused on innovation and market needs analysis to create products that meet users' demands. This includes their latest development: the PICO drive unit.
OSAKA, Japan - Strictly planned in the week ahead of the start of Eurobike, component manufacturer Shimano presents its new e-drive systems EP5 and E5100. Both new drive trains have been developed from the concept to expand the reach, increase connectivity options and a smoother cycling experience.
REGAU, Austria - Contract manufacturer WSF Bicycle Technology GmbH applied for insolvency on 24 April. The challenging market situation in the bicycle industry has resulted in financial problems for yet another company.
MUNICH, Germany - After quickly realizing not to be able to find a buyer for the entire insolvent Internetstores Group the appointed insolvency administrator Dr. Christian Gerloff started selling key assets of the former online retail giant. This process has now been finalised. "All of Internetstores GmbH's key brands now have the chance to restart under new ownership," confirms Gerloff.
REDDITCH, England - Alongside mainland Europe, bike sales in the UK have taken a market-adjusting dip this year. Retail giant Halford has reported that sales in its cycling division have been "challenging and below expectations due to the well documented consumer environment." However, bicycle sales are still 'ahead of the market', the company's interim results for the first half of the financial year reports.
KOBLENZ, Germany - The large-scale media campaigns offering major discounts on various bike categories this summer by Canyon was regarded rather unwelcome by many in the market. The company's latest financial results show a massive impact on the result; a push to revenue but killing the profit.
PEETRI, Estonia - Within two years listed cargo bike manufacturer Hagen Bikes company is heading to the stock market again for new capital. Hagen's shares are tradable in the multilateral trading system First North, and the company Hagen submitted a request to Nasdaq Tallinn AS to also admit all new shares issued during the offering to trading in the multilateral trading system.
TALLINN, Estonia - The demand for anti-theft solutions and services in micromobility is increasing. More than 60% of e-bike riders will opt for an e-bike with smart features for their next purchase. This was one of the outcomes of a survey by the Spiegel Institute and commissioned by Comodule.
MUNICH, Germany - Volkswagen Financial Services has acquired a 49% stake in Pon Holdings bike leasing subsidiary Bike Mobility Services (BMS). The partnership aims to focus on accelerating the expansion of bike leasing in Europe and the US. No details have been given on the purchasing price.
FREIRACHDORF, Germany - Müsing manufacturer Radsportvertrieb Ditmar Bayer GmbH is another bicycle company which has fallen into financial difficulties. On Wednesday August 23rd, the responsible district court Montabaur officially announced that the German company has filed for insolvency in self-administration.
SEOUL, South Korea - HL Mando has introduced a high-performance battery, motor and rear wheel sensor system, to complete its alternator driven e-bike system. According to HL Mando the system is mainly engineered for eCargo applications.
FRANKFURT, Germany - Weber Fibertech, a specialist in the development and manufacture of long fibre-reinforced thermoplastic parts is expanding its activities in the bike industry. With roots firmly in the automotive segment, the company has created the Fi.Bi.Tech division to focus on the growing interest from the bicycle industry for close to market frames and other components.
At Eurobike 2023, Magura will be unveiling their combined braking system for cargo bikes. This new braking system especially helps inexperienced riders to use both brakes together, significantly shortening the braking distance.
MUNICH, Germany - The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway over when Vladimir Putin launched his crucial attack on Ukraine. The war disrupted the global energy and food markets but also led to high inflation in Europe. How are the listed e-bike and bicycle industries affected?
With its new series hybrid drive system, the Pedalrite, South Korean producer HL Mando aims to contribute to the transformation of urban mobility. An example of how this can be achieved is the collaboration with the German start-up Hopper Mobility.
FRANKFURT, Germany - Private equity company Brockhaus Technologies acquired a majority stake of around 60% in Bikeleasing in July 2021. The German company which supplies business bikes for employers, employees and those self-employed has now helped its new owner set sales records in the first three quarters of 2022.
FRANKFURT, Germany - The demand for e-bikes with a belt drive system is growing. Although Gates Carbon Drive has a sizeable share of the existing market, there are now gaps for newcomers to enter the market. One of these is Yung Fang Plastic Co. Ltd who displayed its belt drive system at this year's Eurobike.
KOBLENZ, Germany - LRMR Ventures of global icon LeBron James and Maverick Carter, together with SC Holders announced a strategic equity investment in Canyon Bicycles GmbH. Canyon reports they will work with LRMR and SC to increase engagement in the US and in the e-bike category, elevate global brand awareness and deliver the best online shopping experience.kst...
ASCOT, UK - Frog Bikes, the British manufacturer of lightweight kids' bikes, is launching its new range of children's city bikes in Europe. Noting an increase in demand across Europe, Frog Bikes will initially launch the Frog City 53, 61 and 67 in selected IBD's in nine European locations.
TOKYO, Japan - After 40 years since its first introduction, the Shimano 105 group set is receiving the ultimate upgrade with a move to Di2 electronic shifting technology. This introduction not only delivers Di2 to an entirely new range of riders, but also offers Shimano's flagship 12-speed, wireless shifting with easy operation and increased reliability.
