Business

Partnerships, acquisitions and investment news throughout the cycling industry

EU consumers to benefit from reduced VAT rates on bikes and e-bikes

The Council of the EU has reached an agreement on updated rules for VAT rates, with member states now able to apply reduced VAT rates on the supply, rental and repair of bicycles, including e-bikes. The new rules reflect member states’ current needs and the EU’s present policy objectives, said …

Read More »

BA launches Investors in Cycling programme to recognise bike businesses’ advocacy

The Bicycle Association (BA) has announced a new nationwide programme, Investors in Cycling, to unite and recognise bike businesses across the UK which support the growth of cycling through advocacy. Over 1,100 bike businesses are being recognised as Investors in Cycling. All are businesses that in one way or another …

Read More »

Bianchi presents plan to build new HQ and production facility in Italy

Bianchi has presented its plan to build a new, high-tech headquarters and production facility in Italy. Chief executive officer Fabrizio Scalzotto presented the news alongside Juri Fabio Imeri, Mayor of Treviglio, yesterday, 9th December, at the company’s current headquarters in Via delle Battaglie. The redevelopment project will lead to the …

Read More »

Bike.Rent Manager secures £490,000 investment in funding round with Universum Wealth

Bike.Rent Manager (BRM) has secured £490,000 of investment in a recent funding round in partnership with Universum Wealth. The funds will be used to accelerate BRM’s product development and growth, and to maintain the high level of customer service for which the company has become known. It will also allow …

Read More »

Cytech seeking training partners in Scotland, Northern Ireland and Ireland

Cytech is seeking training partners in Scotland, Northern Ireland and Ireland, as it looks to expand in the UK and Ireland. Managed by the ACT, Cytech’s mission to raise the standard of professional cycle technicians across the globe is going strong with first-rate facilities now training in four continents and Cytech …

Read More »

West Midlands gets 150 shared e-bikes built by Pashley 

The West Midlands just took a major step for sustainable transport, introducing more than 150 shared e-bikes across the region.  Built by iconic bike manufacturer Pashley, the electric bikes are an extension of the existing West Midlands Cycle Hire scheme, which saw 1,350 unassisted bikes installed earlier this year.  The …

Read More »

Raleigh UK to change its customer ordering platform in January

Raleigh UK will be updating its customer ordering platform on 10th January 2022. The new solution, called Accentry, will be a complete change from the existing B2B. The platform will see significant improvements to the user experience, optimised search functionality, seven-day delivery options, free carriage thresholds, instant alerts and more. …

Read More »

Taiwan bike manufacturers discuss e-mobility and sustainability in Taipei Cycle webinar

Taipei Cycle recently invited industry leaders and professionals to a webinar, presenting an opportunity for the experts to share their views and insights on the topics of e-mobility, sustainability and cycling culture. Discussing a shared vision for e-mobility, James Huang, chairman of the Taiwan External Trade Development Council (TAITRA), emphasised …

Read More »

Global e-bike market set to be worth over $120 billion by 2030

The global e-bike market size is expected to be worth over $120 billion by 2030, according to a new report by Vision Research Reports. The market was valued at around $41 billion in 2020 and is anticipated to grow at a CAGR of 11.5% during the forecast period from 2021 …

Read More »

Halfords acquires garage chain for £62 million as it continues to focus on automotive business

Halfords has acquired a chain of garages for £62 million, as it continues to invest in the automotive side of its business.  The UK’s largest motoring and cycling retailer has bought the Axle Group, owner of the National garage chain, adding 239 tyre and 60 general services garage, and 60 …

Read More »