PARIS, France - On course to double sales in 2025, refurbished e-bike seller Upway, has received a financial injection of US$60 million (€52 million) in closing its Series C funding round. The company has now raised a total of US$125 million (€108 million) since its founding in 2021. The latest funding will facilitate new UpCenters in Europe and North America, expansion into five more countries and the launch of new digital services.

GDANSK, Poland - Polish manufacturer 7Anna Group and its brands NS Bikes, Rondo and Creme Cycles, may soon have a new investor, according to news buried in an Instagram post from NS Bikes.

IRVINE, United States - The long-awaited, much-hyped e-bike launch from Also, Inc., the micromobility spinoff of e-car manufacturer Rivian, is here. Though there have been a couple of leaked photos drifting around the internet, the California-based start-up has managed to keep most of the new bike's specs under wraps — until its launch on 22 October.

BRUSSELS, Belgium - Ahooga, the Belgian folding e-bike brand, has raised €5.5 million in a new funding round aimed at developing its Max folding bike platform and expanding its international footprint.

SOUTHWEST UTAH, United States - Following Taiwanese accessories manufacturer Glory Wheel's acquisition of accessories brand Spank Industries just under a year ago, the company is ready to bolster the brand's industry position by adding a United States base of operation and hiring a team of industry veterans.

BRUSSELS, Belgium - Cowboy's 2024 annual report, finalised on 4 August and published after a significant delay a month later, shows a company scrambling to find new financiers amidst declining profits. It also sheds new light on Cowboy's recent recall and the financial toll that it took on the young Brussels-based company.