BERLIN, Germany - Due to a sales slump and the resulting financial bottleneck Berlin-based (cargo-) LEV manufacturer Onomotion GmbH had to file for insolvency on 26 September. A subsidiary of a corporate group already backing other bike manufacturers, Emoving GmBH, has added the last mile delivery solution provider to its portfolio.
PRATO, Italy - Delivering groceries transporting up to 100kg and covering around 80 kilometers a day demands more from a cargo-bike than what's possible with a standard model. Italian engineering firm Formula and Ello Mobilité took up the challenge and built a fleet of bikes for French supermarket giant, Carrefour.
LONDON, UK - Award-winning e-bike brand Gocycle has started a crowdfunding campaign to launch its new range of urban folding bikes. Founder and CEO of Gocycle owner Karbon Kinetics Ltd Richard Thorpe explains why he turned to this tentative way of funding, having founded the company already in 2002. "Institutional capital has fled most industries including bike companies, as well as small innovators like Gocycle."
CĒSIS, Latvia - It is no coincidence that leg&go, the innovative wooden balance bike, comes from Latvia of all places. Firstly, this Baltic country has a long tradition of wood processing and secondly, founder Egons Garklavs is regarded as an ingenious designer there. The company reported a record turnover in 2023 and is now eyeing further export markets, including the US.
SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease of its 2023 consolidated revenue of € 112.5 million. hGears faced an extremely challenging years in its e-bike business.
LONDON, United Kingdom - A remarkable sight in London's streets: ePack4 which surpasses other last-mile delivery innovators by doubling the standard payload to 350 kg and a capacity of 4 square meters.
WELS, Austria - In a remarkable move, Pierer Mobility AG has decided to focus on its core business of Powered-Two-Wheelers and to concentrate on its premium brands KTM, GasGas and Husqvarna as well as MV Agusta. As a consequence, the non-e-bike segment, including Felt is disinvested.
A market leader in e-bike connectors, Higo continues to build on its efforts to meet the growing need for ultra compact e-bike connectors to neatly hide away in frames. It recently introduced the micro X connector range for connections like displays, switches, brakes and sensors.
MALLABIA, Spain - The long-term growth strategy is paying off very well for Orbea. In the past seven years, the cooperative bicycle manufacturer has confirmed notable sales growth which peaked in 2022.
TAICHING, Taiwan - Taiwan's leading bicycle producer Giant Group saw its fiscal 2022 sales jump by a double-digit 12.5% year-on-year to TW$ 92.04 billion (€2.82 billion). However, the impact of rising material and labour costs as well as increased OE-business affected the Group's overall gross margin and operating profit performance.
VELKE ORVIŠTĚ, Slovakia - Bicycle manufacturer Kellys will make an important step forward with the introduction of two remarkable products next month. Both Kellys Theos F100 and the Theos R will feature notable developments.
SUZHOU, China - E-bike drive train supplier Vinka implemented both Artificial Intelligence and Internet of Things to empower their new AIot Max System. According to Vinka, "it integrates a full spectrum of AI & IoT technologies and is able to learn, analyse and respond to collected data, taking the riding experience to the next level with more safety and enjoyment.
REDDITCH, UK - After significant increases in e-bike and bicycle sales volumes last year, Halfords UK gave a clear indication that rising inflation and the cost of living will impact this year's demand. Still Halfords UK remains confident on the longer-term outlook for bikes as government infrastructure and climate needs necessitate greener modes of transport.
COLOGNE, Germany - As an expert in plastic for all kinds of moving parts, igus has made the engineering concept and key components available to all bicycle manufacturers. The first model should be available by the end of the year.
SCHRAMBERG, Germany - In line with the company's strategic goal of expanding its business activities and increasing market share, hGears reports for its e-mobility business area a 2021 sales growth of 3.5% to €47.5 million. For the full year 2022, hGears expects high single-digit group revenue growth.
LONDON, England - Utility e-bike supplier Zoomo, is hoping to solidify its position as a turn-key provider of heavy-duty electric last mile delivery solutions with the launch of a speed e-bike. The Zoomo One, with an assisted top speed of 45km/h
ELCHE, Spain - Spanish premium bike supplier Mondraker has moved to its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building packs everything under one roof, offices as well as production. According to the company this creates synergies and increases efficiency.
ZEIST, The Netherlands - The November edition of Bike Europe magazine (number 6/2021) is now available to read online in our digital magazine section. This issue includes a look inside Cannondale's new European facility and an overview of bike markets across Scandinavia.
STOCKHOLM, Sweden - Cities adapting their infrastructure rapidly to provide more space for bikes, e-scooters and walkers, following the onset of the pandemic. "With a new reality, the potential for small personal electric vehicles has suddenly been made real," explains Per Brilioth,
WARSAW, Poland - A growing number of private equity funds see the market potential of the cycling industry on all levels. For 7Anna the take-over by Resource Partners will provide the necessary funding to implement its international expansion strategy for its brands which are part of the group: Creme Cycles, NS Bikes, Octane One and Rondo.
