LYON, France - Folding e-bike manufacturer Eovolt has its sights set on being more than just that. To support further internationalisation and entry into other non-electric categories, the French manufacturer is rebranding to UTO. "It is a new name to symbolise the brand we have become over the years," CEO Baptiste Fullen told Bike Europe during Eurobike.
SHENZHEN, China - Folding bike manufacturer, Dahon is seeking capital and submitted an IPO prospectus to the Hong Kong stock exchange earlier this year. The company reports it is planning to list on the main board, with China Securities International serving as the sole sponsor.
COLOGNE, Germany - Taiwanese bicycle manufacturer Tern has announced plans to establish its first distribution office in Europe. Dubbed Tern ZE, the Cologne-based facility will begin operating on 1 July 2025 and should enable the firm to better support its customers in Europe.
LONDON, UK - When looking for an indication of how dire the current market situation is in the bike industry, look no further than the recent financial results of folding bike manufacturer, Brompton. The renowned British manufacturer has reported a dramatic decline in profits, plummeting from £10.7 million (€ 12.9 million) to just £4,602 (€ 5,543) for the fiscal year ending March 2024.
BRUSSELS, Belgium - Folding bike specialist Ahooga has welcomed Tomi Viiala, former CEO of Stromer, as an advisor to the Board. Known for his instrumental role in transforming Stromer into the global leader in speed pedelecs, Viiala will support Ahooga in advising on driving strategic growth across Europe.
LONDON, UK - Award-winning e-bike brand Gocycle has started a crowdfunding campaign to launch its new range of urban folding bikes. Founder and CEO of Gocycle owner Karbon Kinetics Ltd Richard Thorpe explains why he turned to this tentative way of funding, having founded the company already in 2002. "Institutional capital has fled most industries including bike companies, as well as small innovators like Gocycle."
