The micro-mobility investment fund Fundracer announced an undisclosed investment in Belgian startup Aerobag, which is pioneering ultra-lightweight, compact airbag technology designed specifically for cyclists. Aerobag set out with a clear and ambitious mission: to adapt proven airbag technology from the automotive industry into a form factor that works for cycling.

TABY, Sweden - To strengthen its portfolio through complementary technologies, helmet safety technology supplier Mips AB has signed a binding agreement to acquire impact protection technology pioneer Koroyd. "This acquisition positions the group uniquely in the market and enables interesting entries into other adjacent product areas," CEO of the Swedish helmet-based safety provider commented on the takeover. The transaction is expected to be completed this month.

ROME. Italy - The micro mobility market in Italy will have to adjust to a series of restrictions as part of the mandatory new highway code. These include the usage of a helmet, but also a mandatory license plate and insurance. These restraints are a new setback for this highly popular micro mobility product, although Italy is certainly not the first country in Europe which restricts the use of e-scooters.

MALMÖ, Sweden - Possibly the most remarkable and inventive cycling accessory, the Hövding is no longer on the market. The Swedish Hövding AB filed for bankruptcy last month after regulators stopped the sales of its main product. According to the Swedish Consumer Agency the airbag helmet doesn't inflate properly on impact.

OBERNZELL, Germany - Cycling and sports gear manufacturer Uvex Group announced the closure of one of its European production locations in a strategic reorientation. The company will close its independent helmet production subsidiary, known as BSA, by the end of 2024. Approximately 190 jobs are affected by the closure.

FÜRTH, Germany - For the coming year, Uvex Sports Group GmbH & Co. KG (USPG) - the sporting goods group under the umbrella of the Uvex Group - will introduce a selective distribution system for its Uvex and Alpina brands throughout Europe.