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.
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...
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.
WELS, Austria - Pierer Industrie AG, the industrial holding group who already owns Felt Bicycles, GasGas and Husqvarna e-bikes but also KTM Motorbikes, is increasing its activities in the bicycle and e-bike business step by step. Recently Pierer Industrie took over a group of IBD shops
MONTREAL, Canada - For Dorel Sports the consumer demand for all bicycles brands in all categories remained high during the third quarter of this year. As a result the company reports a year-to-date revenue of its sports business of US$891.3 million (€169.9 million),
AMSTERDAM, the Netherlands - Dorel Industries and Pon Holdings agreed on the acquisition as announced today. The sale is expected to close before the end of the first quarter of 2022. Pon Holdings reports a combined revenue of €2.5 billion, making it the biggest bicycle and e-bike
POVOLARO DI DEUVILLE, Italy - The Askoll Drive C90A is the latest bottom bracket motor developed for high-end e-mountain bikes. The Italian company has a long history of developing synchronous technology applied to electric motors.
KARLSTEIN, Germany - Another supplier close to the e-bike industry seems to be preparing to go public. German financial newspapers reported that the Karlstein, Germany-based battery expert BMZ Germany GmbH is planning an IPO on the Frankfurt Stock Exchange.
STUTTGART, Germany - The booming bicycle and e-bike market attracts more and more investors. Asset manager and index allocator Daubenthaler has introduced a 'bicycle share index'. The initial listing on the Frankfurt Stock Exchange is planned for 21 June but is already open for investors since 25 May.
CLOPPENBURG, Germany - The name of the German bicycle manufacturer Derby Cycle is history. Owner Pon Bike Group (PBG) has changed the company name into Kalkhoff, similar to one of brand names used by Derby Cycle. In addition, the historic Kalkhoff production site in Cloppenburg will be completely revamped.
SAN VENDEMIANO, Italy - PM & Partners SGR have announced their entrance, as major shareholders, in Cytech Group, the world leader in the production of pads for cycling apparel and recently, of cycling gloves with EIT Palm Technology.
SHENZEN, China - Dahon has unveiled a special edition 2021 model to "help the general public in fighting the pandemic." In what the company calls an effort "to realise its social responsibility", Dahon has slashed profit margins to be able to offer the cost-effective HIT model to a new public.
BERLIN, Germany - The concept of four-wheeled cabin-pedelec, like the Canyon's future mobility car presented last September, gets more and more initiators in the e-bike industry. Recently e-mobility start-up Urban Drivestyle Berlin has presented its first prototype, the Duo Moke.
FULDA, Germany - Parts manufacturer, Büchel is encouraging the industry to capitalise on the boom in the European bicycle market by starting within its own ranks. The company has announced an ambitious investment program of around €20 million for the next 5 years to expand production capacity.
KONSTANZ, Germany - D2C-supplier Canyon Bicycles found a new majority shareholder in Groupe Bruxelles Lambert (GBL). Roman Arnold will remain the Chairman of the Advisory Board and reinvest a significant part of his proceeds alongside GBL,
MONTREAL, Canada - The impact of COVID-19 worked out very well in the third quarter results for Dorel Industries. Dorel' sports division with market brands including Cannondale, GT, Schwinn and Mongoose achieved the highest earnings in its history.
Bicycle drivetrain requirements vary greatly - the performance needed for a casual commuter is vastly different than that of a long distance bikepacker. To address an even wider range of bike types and riding styles, Gates now offers five distinct Carbon Drive product families for bikes and e-bikes: SideTrack, CDN, CDC, CDX, and CDX:EXP.
TAIPEI, Taiwan - Designers, manufacturers and retailers in bicycle-related industries are now invited to submit their latest research and development results for the Taipei Cycle d&i awards 2021. Registrations are welcome until 14 December 2020 and the winners will be announced at next year's Taipei Cycle show which runs from 3-6 March 2021. open for entries
BOCHOLT, Germany - Despite corona-conditioned restrictions in March, traditional German D2C-supplier Rose Bikes GmbH achieved - compared with the first six months of the previous fiscal year 2018/2019 - a double-digit sales growth of over 20 percent in its first half of its from 1 November to 30 April running fiscal year 2019/20. This, according to the company, led to total sales of 56.7 million euro.
