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.
AMSTERDAM, the Netherlands - Despite still being in the negative, Swapfiets has reported significantly reduced losses last year. The Amsterdam-based company, and subsidiary of Pon Holdings, recorded a net loss of €14.2 million in 2024 — 14% less than the previous year.
GENEVA, Switzerland - The globally operating testing, inspection and certification company SGS announced its expansion in the bicycle and e-bike sector with the takeover of EFBE Prüftechnik GmbH and EFBE Co., Ltd. EFBE was the tenth takeover in line since January this year for SGS.
BRUSSELS, Belgium - E-bike brand Cowboy has broken its recent silence to announce new milestones in the form of short-term financing and brand partner Rebirth Group — and to address the variety of complaints lodged against the company in the past few months.
ROVERETO, Italy - An additional funding of €1.6 million, following a previous pre-seed investment of €1 million raised from shareholders including Trentino Invest, makes it possible for Bikeflip to initiate further European expansion. "This investment confirms confidence in the project, supported by significant growth metrics in transactions and the availability of various bicycle models on the platform," says Bikeflip CEO Andrea Maranelli.
MILAN, Italy - Following a €500,000 round in 2023, Bikeroom - the Italian online marketplace for new and pre-owned bikes has closed off a new €3 million investment round. The funding will support the retailer's rapid European growth and help scale its commercial and technological infrastructure.
