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.
SANTA CRUZ, California - A global recall has been issued for the Santa Cruz Heckler 9 bike model after multiple battery fires were reported. The Santa Cruz-based company, a subset of the Dutch transport conglomerate Pon Holdings, first issued the recall in May, warning customers that the e-bike's lithium-ion battery can overheat and pose a fire hazard.
AMSTERDAM, the Netherlands - Pon Holdings has made significant strides in 2024 towards enhancing its focus on mobility through strategic investments and divestments. Despite market uncertainties, Pon Holdings recorded stable revenues of €9.9 billion, matching the prior year's results normalised for divestments.
AMSTERDAM, the Netherlands - Pon has announced the sale of Dockr, its cargo bike subscriptions system to micro mobility supplier Today in shares. "With this acquisition, we are accelerating our vision of making micromobility solutions accessible for all," said Sean Flood and David Touwsma, co-founders of Today.
EMSTEK, Germany - Pon-owned brand Kalkhoff is transitioning to low-temperature powder coatings in the painting process at its bicycle factory in Germany. This reduction in temperature brings significant benefits in terms of energy consumption and reduces CO2 emissions.
ALISO VIEJO, USA - The reorganisation of the Pon owned brand GT Bicycles has resulted in much speculation regarding the future of the brand. Some even assumed that GT Bicycles would shut down once all inventory is sold. According to a Pon spokesperson, the decision to restructure this subsidiary was taken, "to lay a solid foundation for its next chapter."
