EDINBURGH, UK - Intra Drive, the United Kingdom-based e-bike component developer, has secured €600,000 toward an extended €850,000 seed round. The new capital will support the transition from pilot units to commercial production of its GD8 integrated gearbox powertrain. Since displaying at Eurobike in 2021, Intra Drive has focused on building a European supply chain and industrialising its e-bike motor unit with a multi-speed gearbox.

REDDITCH, England - Following a post-covid glut, cycling is again the "stand-out performer" for Halfords. In the first six months of the financial year, the UK retailer reports a 9% year-on-year revenue growth for its cycling products and services. With a strong first half, the company is on track to deliver its full-year expectations.

LONDON, United Kingdom - Touted as the brand's "lightest folding e-bike ever," United Kingdom folding bike manufacturer Brompton has debuted a new electric T range with a matching 'e-Motiq' drive system. Brompton's David Rhys, head of electric systems, shared his vision for the new motor system with Bike Europe in an interview following its debut.

HASTINGS, United Kingdom - British bike brand Whyte Bikes Ltd. has changed private equity hands, from current owner Cairngorm Capital to Causeway Capital. The acquisition sees 100% ownership of Whyte transferred to Dublin-based Causeway Capital. The brand sees the move as a major step toward developing international growth.

LONDON, England - The UK's Trade Remedies Authority (TRA) has recommended that anti-dumping duties on bicycles and certain bicycle components imported from China remain in force until 30 August 2029. While the UK government could technically reject the TRA's advice, the move signals strong continuity with EU trade policy, where similar measures remain in place.

NORFOLK, UK - A recent survey by UK bicycle and e-bike dealer Paul's Cycles highlights the growing popularity of mountain bike rentals and bicycle share schemes as an opportunity to turn short-term rental clients into long-term owners.