Business

Partnerships, acquisitions and investment news

Pure Electric’s new Plymouth showroom opens with wide range of e-bikes and e-scooters

Pure Electric has opened its new Plymouth showroom next to the Drake Circus Shopping Centre. The new showroom, which creates five new jobs in the local area, is located on the Charles Cross roundabout. Experts will be on-hand to offer advice to visitors interested in adopting electric transport technology, while the …

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Zoomo secures $12 million from investors, announces new customer partnerships

E-bike innovator Zoomo has secured $12 million from new and existing investors as they expand into new markets and invest in further innovation of its commercial use electric bike platform. AirTree Ventures led the capital raise as a new investor, with follow-on support from existing investors the Clean Energy Finance …

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Lime included in TIME Magazine’s 100 Most Influential Companies

TIME Magazine has included Lime on its inaugural 100 Most Influential Companies list. “It’s an honour to be recognised by TIME Magazine, not just as a leader in our field, but as one of the most influential companies in the world,” said Wayne Ting, Lime’s CEO. “We’re truly humbled by …

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Edemo Electric Bikes opens second site in Bristol

Property consultants Alder King has let a studio unit on the Paintworks scheme in Bristol to an expanding Gloucestershire e-bike retailer. Edemo Electric Bikes is a specialist Riese and Muller e-bike dealer based in Nailsworth. Following growth in sales over the past year, the company decided the time was right …

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Delfast signs agreement with Ukraine factory for e-bike production

Delfast has taken the first steps to transfer e-bike production from China to Ukraine with an agreement with the Elmiz factory in Kyiv. The parties agreed on the joint manufacture and assembly of the e-bikes. Delfast said it plans to manufacture its first five e-bikes during May, and gradually increase …

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COVID cycling boom will ‘triple e-bike sales by 2023’

The COVID cycling boom will triple e-bike sales by 2023, the BA has revealed in a new impact report. Building On The Boom: The UK Cycling Market in 2020 and Beyond was produced using data from the BA’s Market Data Service (MDS), powered by Sports Marketing Surveys Inc (SMS). Other …

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Wiggle sees sales of e-bikes up 355%

Wiggle has reported an uplift in sales across its fitness categories, with interest in e-bikes increasing by 129% last year and sales of e-bikes up 355%. The data has revealed that consumers may be considering swapping their public transport commute to work for cycling as a healthier, socially distanced option, …

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New stores see The Electric Bike Shop expand across UK

The Electric Bike Shop has expanded to six stores nationwide and a distribution hub in the Midlands – with plans to open three more stores by the end of 2021 and have a total store portfolio of 15-20 by the end of 2022. “We can sit back, relax and pat …

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Knaap Bikes on entering an industry during a pandemic

Being a newcomer to an industry can be tough at any time – let alone in the middle of a global pandemic. The lack of events over the past 12 months has meant fewer opportunities to network and introduce new products and engage with them, meaning it has been challenging …

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Velorution partners with Fenwick to open new stores

Electric, urban and folding bike retailer Velorution has partnered with Fenwick. The deal between the two parties will see Velorution, which already has stores in four locations across London, further its growth. Velorution X Fenwick of Bond Street and Velorution X Fenwick in Bentalls Kingston are set to open on …

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