WELS, Austria - For quite some time the sparrows have been whistling it from the rooftop: on April 29, Pierer Mobility AG confirmed it will withdraw completely from the bicycle and e-bike business in the current 2025 financial year. Pierer Mobility is seriously struggling with the insolvency of its motorcycle subsidiary KTM AG.
VIENNA, Austria - The first-quarter sales numbers for 2025 are in, and Austria's kids' bicycle supplier Woom GmbH has glimpsed a light at the end of the tunnel with its strongest numbers yet.
SAKAI CITY, Japan - Component manufacturer Shimano points to "signs of recovery starting to appear in sales of completed bicycle sales" as it releases its first quarter consolidated financial results for 2025. In a welcome sign for the industry, the company reports a 15.6% increase in bicycle component sales in Q1, compared to the sluggish start of the year in 2024.
IRVINE, USA - E-car manufacturer Rivian announced it has spun out its micromobility business into a new company called Also Inc. Secured by a $105 million (€97 million) investment from Eclipse Ventures, Also will focus on small, lightweight vehicles including e-bikes.
SCHRAMBERG, Germany - hGears AG faced a challenging 2024 fiscal year as declining demand and high inventory levels weighed on revenue and earnings. Despite the negative effects of 2024's economic slowdown and excess inventory struggles, hGears AG remains confident that its new cost and structural measures are having a positive effect.
AMERSFOORT, Netherlands - Dutch battery repair specialist Nowos has raised €6 million in new equity funding to accelerate its pan-European growth and push lithium-ion battery repair as a main component to developing a circular economy. The round's lead investor is Paris- and Singapore-based venture capital fund Shift4Good, with participation from Fair Capital Impact Fund and Goeie Grutten Impact Fund. An additional €3 million in debt financing is still being secured.
