Business

Partnerships, acquisitions and investment news throughout the cycling industry

Colnago to integrate blockchain technology into new bikes

Colnago is to integrate blockchain technology into its new bicycles. As the first manufacturer to link its physical products to a virtual, distributed ledger, Colnago is ‘leading the way’ to ensure the validity and proof of ownership of new Colnago frames. Colnago will begin to leverage blockchain technology across its …

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4iiii expands power meter Factory Install programme to UK

4iiii Innovations has opened a new factory in the UK, expanding its power meter Factory Install programme. With a one-week turnaround time, riders can now send in their left-side Shimano crank arm to be upgraded with a Factory Installed Precision power meter at a cost of £299.99. “Our Factory Install …

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TVS Motor Company forms strategic partnership with e-bike brand EGO Movement

TVS Motor Company has announced its partnership with Swiss e-bike brand EGO Movement as a majority shareholder. TVS Motor intends to expand its portfolio of sustainable and scalable personal mobility solutions and brands in the area of electromobility and ‘recognised the potential’ in EGO Movement. Joint managing director of the …

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Mondraker introduces new headquarters in Spain

Mondraker has introduced its new headquarters in Elche, Spain. “A non-conformist, out-of-the-ordinary, purpose-built facility that perfectly aligns with the brand image, uniting functionality, and design seamlessly,” said a statement. “Our new facility enables us to house all departments, office space and production in one space and under one roof for …

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ZyroFisher to distribute STACYC electric balance bikes in UK and Ireland

ZyroFisher has partnered with Texas-based STACYC to distribute its range of electric balance bikes into the UK and Ireland. STACYC was launched in 2016 as a new category in the two-wheeled space, created by Ryan Ragland, founder of STACYC and former KTM employee of 15 years. The brand is geared …

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Café du Cycliste founders sell minority stake to entrepreneur Gregory Mager

Café du Cycliste’s founders have sold a minority stake to entrepreneur Gregory Mager, co-founder of Maesa. Café du Cycliste was founded in 2010 by Remi Clermont and Andre Stewart in a traditional café nestled in the hills above the Cote d’Azur. With a current team of over 30, the brand …

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Velobici secures £400,000 funding boost

Velobici has secured a £400,000 funding boost as it expands to meet a surge in demand for its products and moves towards a fully sustainable operation. It will use the funding to bolster its workforce and facilitate a move to a new factory, which will be entirely powered by sustainable …

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Leopard Tech partners with Bikmo to offer smart bike insurance

Leopard Tech has partnered with bike insurer Bikmo to offer a new smart bicycle insurance utilising the Leopard Lync connectivity features. Leopard Tech customers who have the Leopard Lync will now have the opportunity to take advantage of a host of bespoke insurance solutions to enhance rider protection. • Fully …

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Less than one month to submit updates for BikeBiz Directory 2022

You can now submit updates for the next BikeBiz Directory. The deadline for submissions to the 2022 edition is Friday 15th October. To provide us with new or altered details, please contact BikeBiz senior staff writer Rebecca Morley. If you were included in the prior edition and your details remain …

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Science in Sport reports 24% revenue growth

Science in Sport has released its interim results for the six months ending 30th June, with revenue up 24% to £29.3 million. Group gross margin percentage increased to 52% from 48%. Underlying EBITDA improved by £0.8 million to £0.6 million, which was after c.£0.7 million of one-off Brexit-related costs, said …

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