Also, Inc., the US micromobility spin-off from electric car manufacturer Rivian, has closed a $150 million (€128 million) Series D financing round. Led by Prysm Capital, with participation from Eclipse Capital, Greenoaks and MVP Ventures, the new capital will accelerate development of its autonomous vehicle platform. With US shipments of its TM-B e-bike underway, the brand is now building a team for a European market launch.
No signs of a crisis at WS We Sports Scandinavia, also known as WeSports Group. The Nordic sports-, outdoor-, and bicycle-retailer has been listed on the Nasdaq First North Premier Growth Market in Stockholm since the end of last year . After increasing its 2026 first-quarter revenue by 51.8% year-over-year, the second quarter reached a year-on-year 55% increase (21.6 % on a currency-adjusted basis).
Brand founders Susanne and Felix Puello officially retook the reins of Raymon Bicycles in October 2023, when Pierer Mobility divested the business as its ill-fated run in the bicycle industry came to an end. In less than three years, the founders state that "our realignment is working", with sales growth and inventory reduction putting the brand back on track.
German online retailer Bike24 has seen its group revenue increase by 20.1% to €96.1 million in Q2 2026, compared with €80.0 million in Q2 2025. Localised markets delivered a significantly above-average growth rate of 29.7%. The D2C retailer continues to expand its footprint across Europe with new localised online shops in Denmark, Slovenia and Ireland.
How Tenways, Fuji-Ta and the Accell deal are testing Asia's next role in cycling.
There are still no larger signs of recovery at the publicly-traded Fox Factory Holding Corp. In its second sales quarter 2026, the US-based suspension expert posted net revenue of USD 358.12 million (€309.82 million). Compared to the same period last year, this represents a 4.5% decline. Sales remain weak in the company's bicycle component division.
