KEDAINIAI, Lithuania - Industry guests, suppliers, building constructors and official authorities gathered Tuesday for the official opening of Pon.Bike's state-of-the-art bicycle and e-bike factory in Lithuania. The Ministry of Economy and Innovation granted the status of this €57 million project into a major foreign direct investment which turned the opening into a high-brow event.
ŠIAULIAI, Lithuania - Overcapacity and a slowdown in demand in Europe were the main reasons for a decline in turnover in 2023 reports bicycle manufacturer UAB Baltik Vairas. In 2023 the company generated a turnover of € 170.96 million, down 7.5% from € 184.9 million in 2022.
TALLINN, Estonia - Building an own mobile application has become easier for e-bike manufacturers with the launch of Comodule's next generation software development kit. The Estonia company expects that user-experience will soon emerge as the main differentiator. "Forward-thinking e-bike manufacturers are well-advised to partner with IoT providers that enable them to develop their own brand apps," writes Comodule.
VILNIUS, Lithuania - Construction company YIT Lithuania has handed over the keys of the newly built Pon.Bike bicycle factory in the Kedainiai Free Economic Zone in Lithuania. over the next 5 to 6 months Pon.Bike will prepare the new facility for production.
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.
TALLINN, Estonia - Tallinn appears to be a nucleus for e-mobility. The Kõu Group with Ampler and Comodule put Estonian expertise in this field on the map. Now Vok is taking things to the next level: the start-up wants to shake-up up the market with heavy-duty bikes. In any case, it has a unique selling point, with its self-developed serial all-wheel hybrid drive.
