BRUSSELS, Belgium — The European cycling industry, after navigating a pandemic and the subsequently volatile market, is showing signs of a steady recovery, according to data from the Cycling Industries Europe's (CIE) annual survey among its members. Insights from the last few years of CIE surveys show a sector transitioning from cautious optimism to a more tangible stabilisation.
LEIPZIG, Germany - Following a brief takeover by Tier, European rental bike market leader Nextbike is back on the market as an independent company under its own name. At the same time, a comprehensive rebranding will complete the new independent brand identity.
BERLIN, Germany - European shared e-bike and e-scooter providers Tier and Dott have preliminarily agreed to merge. With a fresh investment of €60 million, the joint entity will continue to operate under the TIER and Dott brands combining "the expertise from both operating models and incorporating the advanced technology from each service."
MIAMI, USA - Known primarily for its shared e-scooter service across cities globally, Bird has announced that it is restructuring to "strengthen its financial position". Although it will continue to operate as usual, the company has filed for Chapter 11 Bankruptcy protection in Florida. Bird Europe and Bird Canada are not part of the filing and also continue to operate as normal.
STRATFORD-UPON-AVON, England - UK bicycle manufacturer, Pashley, is seeking investment to accelerate its growth in three areas of e-mobility. Approaching its centenary year, the heritage brand is launching a crowdfunding campaign to support product development in e-cargo bikes, e-bikes and its already successful bike share products.
AMSTERDAM, the Netherlands - The latest crowdfunding campaign will enable Cargoroo to increase the number of electric vehicles available on the platform in existing cities and further improve service. The minimum goal of €1 million needed for this expansion has been reached via One Planet Crowd.
