Business

Partnerships, acquisitions and investment news

Halfords reports e-mobility growth of 184% in latest interim results

Halfords has reported strong cycling revenue growth through H1, finishing at 54.4% LFL, with e-mobility at 184%. The retailer saw group revenue growth of 9.6% and profit before tax of £56 million, it announced in its interim results for the 26 weeks to 2nd October. Online sales grew by 148% …

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Knaap Bikes sees “rapid acceleration” in UK market

Knaap Bikes has “rapidly accelerated” its partner dealers across the UK, passing 75 in seven weeks. The brand starting out of Amsterdam at the very beginning of the global lockdown, at first focusing on the local market. Its two-seater 140km range e-bikes come in matt black or space grey. The …

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Delfast launches crowdfunding campaign to construct e-bike R&D centre

Delfast has launched a crowdfunding campaign on Fundable with the goal to raise $3 million. The Fundable campaign plan is to construct an e-bike R&D centre to accommodate the rising demand and fulfil the requests Delfast has already received. The company experienced a 405% increase in sales in Q2, when …

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Gazelle to accelerate e-bike sales development in UK with three new appointments

Royal Dutch Gazelle is accelerating its e-bike sales development in the UK with three new account managers. The account managers are Mike Isaac, South, Andrew Nicolson, Midlands, and David Sharp, North. They will all be working together on building a ‘high-quality’ distribution network for the Gazelle e-bike brand in the …

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Tier completes $250 million Series C funding round led by SoftBank Vision Fund 2

Tier has announced the completion of a $250 million Series C funding round led by SoftBank Vision Fund 2. Existing investors, including Mubadala Investment Company’s financial investment arm, Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global, also participated in the round. The focus of this new …

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HumanForest launches £1 million crowdfunding campaign to roll out more e-bikes

HumanForest has launched a £1 million crowdfunding campaign with Crowdcube, following a trial in Islington and Camden and a seed investment round of £1.8 million. Capital raised through the campaign will be used to buy more e-bikes, allowing the company to open in ten London boroughs next spring with 1,000 …

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Bafang website revamped with new look and enhanced functionality

Bafang has relaunched its website, offering a refreshed look, enhanced functionality and detailed information on the complete product range, from the wide variety of e-drive systems through to batteries and displays. A 3D bike model on the home page aids with decision-making for selecting an e-drive system, battery or display, …

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LEVA-EU proposes ZEV-concept for LEVs to remove ‘legal bottlenecks’

Trade association LEVA-EU has unveiled proposals to introduce a new concept for light electric vehicles to remove legal bottlenecks it has said are “blighting the industry”. The organisation said bringing in the concept of Zero Tailpipe Emission Vehicles (ZEVs) would “finally set them apart” from internal combustion engine (ICE) vehicles …

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Raleigh teams up with highway giant to trial e-cargo logistics

Raleigh has teamed up with highway giant Ringway Jacobs to test the potential of e-cargo trikes within business infrastructure. The trial, which primarily took place in London, supported workforces with transporting materials, tools and equipment between sites, as well as providing individuals with faster and more reliable means of transport …

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Lime launches MaaS platform, forms Wheels partnership

Shared mobility specialist Lime is launching a mobility-as-a-service (MaaS) platform with last-mile, shared electric mobility company Wheels as its initial partner. The platform will offer expanded options for riders and Lime said it chose Wheels because of its design and the safety and accessibility benefits it provides. It will build …

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