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.

STUTTGART, Germany - German Shimano distributor Paul Lange GmbH & Co. (PLG), a "leading importer and service partner" for Germany and seven other European countries, has absorbed Shimano Europe's custom bikewear brand Milremo. With this move, Paul Lange expands its portfolio "and reaffirms its commitment to providing customers with top-tier quality and comprehensive service in the future." No details were provided on the selling price.

ROOSENDAAL, the Netherlands - In Q2, from April to June, the Dutch bicycle market turnover rate rose significantly, averaging around 10% per month, according to figures from national consultancy group H&L Benchmark Group. This translates to 7.7% turnover growth for the first half of 2025, compared to the same period last year. In addition, about half of the H&L Benchmark Group is seeing a further reduction in excessive inventory.

AMSTERDAM, The Netherlands - Retail giant Decathlon and KwikFit are starting a partnership in Amsterdam for the maintenance and repair of Decathlon bikes and e-bikes. The sports retailer has three stores in the capital, only two of which have bike repair workshops. Now, Decathlon customers can also visit the centrally located KwikFit location. If successful, a national roll-out is on the cards.

MÜHLTAL, Germany - The precarity of the United States market and ongoing tariff uncertainty has taken a toll once again, as Riese & Müller announced this week it will pause all US shipments and re-evaluate following the latest 50% steel tariffs, "and their implications."

BUCHAREST, Romania - Despite documented local market volatility, Romania continues to play a key role in European bicycle production, thanks to its generally low-cost labour and a high demand for its bikes in major export markets.