TALLINN, Estonia - Vok Bikes, the Estonian company behind a new generation of four-wheeled electric cargo bikes, has raised US$6 million (€5.12 million) to further expand across Europe and accelerate the shift away from vans in city centres. The Series A funding round is led by SQM Lithium Ventures, the corporate venture capital team affiliated with SQM International Lithium (SQMi), a global leader in lithium production.

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.