Business

Partnerships, acquisitions and investment news

Evolving Sports Distribution brings Amcargobikes to UK

Evolving Sports Distribution is now the UK distributor for Danish brand Amcargobikes. Hailing from Copenhagen, Amcargobikes was founded back in 1992. All the bikes are assembled at the in-house factory in Veksø, Denmark. Evolving Sports said: “We are hugely excited to be bringing Amcargobikes to the UK market at such …

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Bosch eBike Systems’ 12th international dealer training series to start next month

Bosch eBike Systems’ 12th international dealer training series will start on 18th October, with the first UK training session taking place on 2nd November. E-bike dealers from 16 countries, including Slovakia and Portugal for the first time, are invited to broaden their knowledge of the brand’s products at one of …

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TVS Motor Company partners with EGO Movement as majority shareholder

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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ZyroFisher to introduce STACYC electric balance bikes into 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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Voi launches recruitment drive through Government’s Kickstart Scheme

Voi is recruiting 25 young people to its UK operations in Liverpool, Cambridge, Bristol, Oxford, Portsmouth, Southampton, Birmingham and Northampton. The new positions are being offered through the Government’s Kickstart Scheme which is helping to create new jobs for 16 to 24-year-olds on Universal Credit who are at risk of …

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Dutch e-bike brand VanMoof raises $128 million

VanMoof has announced a $128 million Series C minority investment in a funding round led by Hillhouse Investment, an Asia-based private equity firm. The company said it will use the funds to increase its production capabilities, continue the development of new technology, improve bike specs and reliability, and break down …

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Vestel steps up e-bike battery solutions ambitions

Vestel is accelerating its battery solutions business. According to the company, a large team of dedicated R&D engineers is already in place to oversee the design, testing and production of its e-bike battery pack concepts. Failure Modes and Effects Analysis (FMEA) and simulation tools have been implemented from the start …

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Zipp Mobility closes €1.3 million funding round to support e-scooter expansion plans

Zipp Mobility has closed a €1.3 million funding round, securing a total of €500,000 from two prominent angel investors, including Barry Maloney, €250,000 from Enterprise Ireland and raising €562,000 through a crowdfunding campaign on the Spark Crowdfunding platform. Earlier this year, Maloney was appointed chairman of Workhuman, the HR technology …

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HumanForest raises £2.3 million, company valuation rises to £31.3 million

HumanForest has raised £2.3 million at the close of its pre-series A funding round. The company, founded by former-Cabify lead Agustin Guilisasti and backed by Cabify founders Juan de Antonio and Vicente Pascual, has announced the funding ahead of its launch in London this September. HumanForest e-bikes operate a unique …

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Voi raises $45 million to invest in building a sustainable micromobility company

Voi has raised $45 million in a Series C extension round led by The Raine Group. The funding will help Voi invest in building a sustainable company that will continue to ‘revolutionise’ urban mobility over the coming decade. This brings the total Series C funding raised by Voi to $205 …

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