Business

Partnerships, acquisitions and investment news throughout the cycling industry

ArmaUrto to launch dealer direct programme

ArmaUrto is offering independent bike retailers the opportunity to open a direct account with the brand in advance of its official IBD launch. The ArmaUrto Dealer Direct Programme will “revolutionise how independent retailers benefit from stocking its products and will include a range of incentives previously unavailable,” the brand has …

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ZyroFisher partners with Walberg Urban Electrics in UK and Ireland

ZyroFisher has partnered with Walberg Urban Electrics to distribute its premium foldable electric scooter brands Egret and The-Urban in the UK and Ireland. Florian Walberg set up Walberg Urban Electrics, based in Hamburg, Germany, in 2011. “We are proud to have won ZyroFisher as a partner for the UK,” said …

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Bikepacking trends over the past five years

Cycling Insight has shared bikepacking search trends over the past five years. The search term ‘bikepacking’ has been gaining momentum, it said, with search interest peaking during COVID-19. With the past few months aside, the term has had around a 100% increase from 2016-2020. Currently, the term ‘bikepacking’ receives on …

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Sigma Sports launches new e-commerce site, reports sales surge in April

Sigma Sports has introduced a new website, aiming to bring an improved shopping experience to customers. The updated design offers simplified navigation menus and checkout as well as detailed product gallery features. In addition, shoppers will have the chance to speak with expert store staff through live chat and video …

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Bikmo secures £1.8 million in Series A funding

Bikmo has secured £1.8 million in Series A funding. The investment is led by Development Bank of Wales, alongside specialist global insurer Hiscox, plus existing and new angel investors. Bikmo uses innovative technology to simply offer comprehensive insurance for riders, with a focus on exceptional customer experience delivered through a …

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IRC launches online directory to promote small shops still open for business

The Independent Retailers Confederation (IRC) has launched ‘We are open’, an online map and directory of independent shops that are still open and operating responsibly during the COVID-19 pandemic. Under the Government’s guidance, some high street retailers have been able to remain physically open as a ‘notable exception’ whilst others …

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Are we slowing losing interest in cycling events?

Cycling Insight has shared search trends into bike shows and sportives over the past eight years. In this time, there has been a gradual decline in interest for bike shows, it said. The London Bike Show peaked in 2013 for search interest and in 2019 it was 70% lower. This …

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OnBuy named ‘UK’s fastest-growing company’ by SimilarWeb report

An online marketplace has been crowned the “fastest-growing company in the UK” by an independent report. SimilarWeb’s April report shows OnBuy.com, having seen over three million monthly visitors in April alone, ranking as the fastest-growing company in the UK when considering companies with more than 250,000 monthly visitors. In addition, …

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VanMoof attracts £11 million investment from Balderton and SINBON

VanMoof has announced a total €12.5 million (£11 million) investment from venture capital firm Balderton Capital and assembly partner SINBON Electronics. The funds will support the brand’s international expansion as it scales up to meet increased demand. The investment follows the launch of the new electric VanMoof S3 and X3 …

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eBay extends free ‘online shop window’ offer for new small businesses

eBay has extended its offer of a ‘free online shop window’ for new businesses joining the platform for a further two months. It means that eBay will continue to waive fees to list or sell for new business joining eBay UK until 31st July 2020 or for 90 days after …

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