BERLIN, Germany - Battery swapping system supplier Swobbee has raised another €2 million in an extended Series A round. Polish fund SpeedUp Energy Innovation and Dutch Stichting Clean Future Dividend Fund joined the group of earlier investors. The company aims to scale the solution in more European and non-European markets.
MUNICH, Germany - CIP Mobility GmbH is the first customer being supplied with Schaeffler Group's innovative chainless "Free Drive" for e-cargo bikes. The company's Mocci Smart Pedal Vehicle is almost ready to hit the road and serve the logistics market.
OTTOBRUNN, Germany - Porsche has announced that Greyp Bikes will now be known as Porsche eBike Performance. Following the recent acquisition of Fazua and the majority stake in Greyp Bikes, Porsche is now adjusting its business structure "to hone its profile, define synergies and successfully implement seminal projects."
AMSTERDAM, the Netherlands - The trendy Amsterdam based brand VanMoof has seen its turn-over hike since 2017. A strong global branding made it an attractive investment for private equity. But VanMoof has also experienced the back side of the current supply chain problems, just like many others in the industry.
WELS, Austria - Austrian two-wheeler giant, Pierer Mobility continued its success in 2022, the company's latest financial report shows. Under its e-bike and bicycle business, Pierer E-Bikes GmbH the company achieved sales volume growth of more than 15% compared to 2021.
BERLIN, Germany - The past fiscal year was "a year of two halves," for German e-commerce retail giant Signa Sports United (SSU). "We were able to meaningfully increase our scale through acquisitions before being affected by the macroeconomic turbulence," explains CEO Stephan Zoll on release of the FY2022 results.
PRESEZZO, Italy - UTurn Investments, an independent family fund announced their investment in 3T to facilitate the company's new development path, in Italy and abroad. This includes the expansion of its industrial infrastructure as well as a growth of the Italian production.
BREMBATE, Italy - Private equity investors Telemos Capital have signed a binding agreement to acquire a majority stake in Italian tyre manufacturer, Vittoria. Together with Wise Equity, Telemos aims to accelerate the growth of the company on a global scale. The transaction is expected to close in early 2023.
ALICANTE, Spain - Iberian Sports Retail Group, has acquired an additional 18% holding in Spanish online retailer Deporvillage. This latest transaction means that the JD Sports's holding company now owns 98% of the retailer. The acquisition leaves the co-founders retaining a 2% interest but also looking for a new job as part of a management shake-up.
SUZHOU, China - Following the launch of the CMT03 a couple of years ago, e-bike motor manufacturer, Shengyi was back at Eurobike this year with 2 new additions, CMT07 and CMT03P.
ZEIST, the Netherlands - "It seems like almost everyone is playing the game now," e-commerce specialist, Scott Montgomery says when looking at the direct to consumer (D2C) activities of the top 10 bicycle brands in the US. In this first podcast from Bike Europe, he explores the changing bicycle retail market and paints a picture of how e-bikes, bicycles and accessories might be sold in the future. Listen to the podcast via Spotify, Apple, SoundCloud and Google Podcasts.
VIENNA, Austria - Technology start-up, Dreamwaves, has added a new bike interface to waveOut, its spatial audio and augmented reality navigation app. Merging tech, innovation and inclusion the spatial audio features have been designed for safe and 'mindful' riding.
SUZHOU, China - Bafang introduces its new 3-speed automatic gear hub. This intelligent-acting hub takes over the manual process of changing gears in accordance with the speed. Weighing only 1.7 kg, this 80Nm hub can be supported by both chain- and belt-driven motors.
Lithuania may not be on the radar of many bike industry manufacturers but the increasing number of international bike businesses there certainly suggests it should be. High added manufacturing value at reasonable cost, governmental aid and ease of startup are all cited as strong incentives by Invest Lithuania, the government arm tasked with attracting new businesses.
MONTREAL, Canada - Dorel Industries has completed the sale of Dorel Sports, its bicycle segment, to the Dutch mobility group, Pon Holdings. For the sale price of US $810 million, Pon now has brands including Cannondale, Schwinn, GT, Caloi and Mongoose in its hands.
HEERENVEEN, the Netherlands - The manufacturer of bike parts and accessories, Accell Bike Parts, has launched an online platform in the UK market. The Bike@Home knowledge platform will provide blogs, DIY videos and direct links to over 200 bicycle dealers
CHICAGO, USA - SRAM's Force derailleur gearing range is their second most premium offering, sitting just below the extremely pricey Red family of options. So for serious road riders the new SRAM Force XG-1270 10-30 cassette might be interesting as well.
HANNOVER, Germany - France is the next target market for German retailer, Leisger, which operates Leon Cycle brick and mortar e-bike shops and online platforms. Created in 2014, this chain launched in Germany with the opening of shops in Hannover and Munich.
WUXI, China - Chinese electric-two-wheeler giant Yadea Technology Group Co., is hoping to make a global splash with its newly unveiled product mix. Under the slogan 'Electrify your life' e-scooters and e-bikes are now being included in the company's global portfolio in addition to e-motor scooters. This move is aimed primarily at the Western e-mobility market.
HARD, Austria - Austria's second-largest bicycle producer Simplon Fahrrad GmbH has set the course for further growth: the company's parent Simplon Holding has acquired a neighbouring property to facilitate an "almost doubling of the existing production capacity". Due for completion by the end of the year, the new site will also house a large experience centre.
