AMERSFOORT, Netherlands - Dutch battery repair specialist Nowos has raised €6 million in new equity funding to accelerate its pan-European growth and push lithium-ion battery repair as a main component to developing a circular economy. The round's lead investor is Paris- and Singapore-based venture capital fund Shift4Good, with participation from Fair Capital Impact Fund and Goeie Grutten Impact Fund. An additional €3 million in debt financing is still being secured.

HEERENVEEN, The Netherlands - Accell Group has announced a new collaboration to take a significant step in reducing CO2 emissions by giving a second life to discarded e-bike batteries. The partnership with Refurb Battery "aims to increase the circularity of the entire bike battery in the future."

BERLIN, Germany - To recycle all elements of lithium-ion batteries in key markets across Europe, leading micro-mobility provider Tier has entered an agreement with recycling company Remondis.

BRUSSELS, Belgium - With the EU legislation concerning batteries currently being discussed in Brussels, the industry organization CONEBI has voiced its concerns on e-bike battery repairs. "CONEBI is a strong supporter of only using original OEM certified batteries on e-bikes, we highly discourage end-users to make use of any repair services," the industry association says in a position paper.

ZEIST, the Netherlands - It's been a busy year for the international bicycle industry. High demand for bicycles, notably e-bikes, driven by the COVID pandemic and the push for greener cities has brought high level investments. But, high shipping costs has brought high blood pressure for those trying to secure parts.

MORGAN HILL, USA - The question of what to do with battery recycling is increasingly becoming pressing with the rapidly growing market for e-bikes. Industry insiders have already warned for a tsunami of old and dead batteries. Rather than send them to a landfill, Specialized decided to take the next step to ensure a second life for those batteries.