Business

Partnerships, acquisitions and investment news throughout the cycling industry

The year of the e-bike?

By Jazz Walia, CEO, Tannus Tyres In my opinion, this will be the year that e-bike usage skyrockets as consumers finally embrace technological advancements that have sparked the cycling industry into the modern age. In a new era of city mobility, e-bikes, without a doubt, are going to become the …

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7mesh continues international growth with new sales representation in France

7mesh has announced new representation in France as part of its continued international growth. Lyon-based sales agent Ludovic Thépin and his newly formed agency RESON8 will represent 7mesh apparel throughout France. Thépin has an extensive background in technical apparel, most recently as sales leader for Gore Wear France. “7mesh is …

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Lime investing $50 million to bring e-bike service to 25 new cities in 2021

Lime has announced a $50 million investment in e-bikes, including new and improved hardware and plans to expand its service to an additional 25 cities this year. The company’s newest e-bike model will hit city streets this summer as it aims to expand its fleet globally. “As we build out …

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Delfast raises $3.4 million in crowdfunding campaign for R&D centre

Ukrainian startup Delfast has closed the first round of its crowdfunding campaign on Fundable, raising $3.4 million from local and foreign investors. Launched by Delfast in November 2020, the campaign is aimed at constructing the R&D centre that will satisfy the rising demand for electric bikes and fulfil the requests …

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Upgrade Bikes to distribute OTE in UK and Ireland

Upgrade Bikes has partnered with nutrition brand OTE to distribute its products in the UK and Ireland. The brand becomes the first nutrition brand in Upgrade’s portfolio, which includes bikes, parts and accessories. Matt Killick, Upgrade Bikes’ sales manager, stated: “We have been looking to partner with a leading nutrition …

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Whyte Bikes partners with Cairngorm Capital to develop product portfolio

Whyte Bikes has partnered with specialist investment firm Cairngorm Capital Partners LLP. This partnership will allow the British bicycle manufacturer to develop its product portfolio, including broadening its range of e-bikes. It gains brand management expertise and international sales experience via Cairngorm Capital, to develop its brand presence in existing …

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Magura now offering online training with launch of new webinar platform

Magura Bosch Parts and Services is now offering a new online alternative to in-person training with the launch of its webinar platform. The company will be offering online seminars that are tailored to the needs of dealers. The topics will include service, advice on sales promotions and exclusive presentations of …

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Halfords to repay £10.7 million of furlough income as sales grow

Halfords has updated the market on its recent trading performance, with full year profit before tax expected to be within the range of £90 million-£100 million. The board has therefore taken the decision to repay in full £10.7 million of furlough income received, and the profit range is after this …

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Bosch eBike Systems’ MY21 online training courses now available to dealers

Two online training courses from Bosch eBike Systems for the 2021 model year are now available to dealers. – Basics: The Bosch eBike system (duration approximately 110 minutes) – Model year 2021: New Features (duration approximately 45 minutes) The online Basics training course will provide an overview of Bosch eBike …

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Polisport Group acquires helmet brand Catlike

Polisport Group has acquired helmet brand Catlike, with the aim of reinforcing its range offer in the high-end cycling market. The group will from now on exclusively assume the entire development, industrialisation, production, sales and promotion of the Catlike brand and products. “Incorporating a brand like Catlike into our team …

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