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Partnerships, acquisitions and investment news throughout the cycling industry

VAAST Bikes now available in Europe via German retailer Internetstores

VAAST Bikes has signed an agreement with German cycling-specialist retailer Internetstores. Two of VAAST’s key bicycle models, the gravel-ready all-road A/1 bike and the urban U/1, are now stocked at Internetstores’ e-commerce sites. Both VAAST models will be available to order online for delivery in 14 locations across Europe via …

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Bafang moves German branch to new, larger location

Bafang is moving its German branch to Hövelhof, near Paderborn/North Rhine-Westphalia, to be in a new, larger location. Until now, the sales department for the DACH region, the technical service department and warehouse had occupied premises with a total floor space of 250m². At the new 650m² + location, however, …

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E-bike subscription service DANCE raises €15 million in Series A funding

E-bike subscription service DANCE has closed a €15 million Series A funding round. Led by Eric Quidenus-Wahlforss, Alexander Ljung and Christian Springub, DANCE is aiming to offer its all-inclusive service subscription package into expanded markets across Europe and eventually the US. “The goal of DANCE is to spark a global …

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ACT restructures to focus more on retailers’ needs

The Association of Cycle Traders (ACT) is restructuring to become more focused on the needs of retailers. By closely aligning the ACT with the many trade organisations and sectors that make up the Independent Retailers Confederation (IRC), it will be working with over 100,000 independent retailers engaging Government, business and …

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ArmaUrto completes £300,000 funding round with CIOSIF support

ArmaUrto has secured a £150,000 equity investment from the Cornwall and Isles of Scilly Investment Fund (CIOSIF), as part of a larger £300,000 funding round. The investment round was led by The FSE Group, the appointed fund manager of CIOSIF. ArmaUrto’s management team includes former Moss Bros CEO Rowland Gee …

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Bianchi creates Australian distribution division

Bianchi has created an Australian distribution division, with operations set to start on 1st November. The company said it is implementing a reorganisation of its commercial strategy and distribution, pursuing a more direct presence in key markets such as Australia. As part of a wider move to promote sales growth …

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Blubrake completes $6 million Series A round to expand safety solutions for e-mobility

Blubrake has announced a $6 million Series A round, allowing the company to reach total funding above $10 million. The funding round was led by e-Novia, the deep tech ‘Entreprises Factory’ within which Blubrake was founded and completed its acceleration process. Other investors included Progress Tech Transfer and some private …

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Basso launches into UK market with Chicken CycleKit

Italian bike brand Basso has launched into the UK market exclusively with Chicken CycleKit. “Whenever we establish a new partnership it is a very delicate moment for me because it is like putting my baby in the hands of a stranger,” said Basso CEO, Alessandro Basso. “In this case, there …

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Bob Jackson Cycles to close after 85 years

Bob Jackson Cycles will be closing its doors for the last time on 18th December, after 85 years of frame building and restorations. “We are very much an ageing workforce and over the years have not been able to find younger members of staff to train up and move forwards,” …

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Proviz partners with Winora Group to expand European distribution

Proviz Sports has expanded its distribution in Europe through a partnership with the Winora Group. The brand has appointed the German cycling name to distribute its products in Germany, Austria, Czech Republic, Benelux, Poland, Italy and Spain. “We’re delighted to have the support and expertise of Winora Group to help …

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