Business

Partnerships, acquisitions and investment news

MiRiDER on its new 7,000 sq ft facility in Wigan, the brand’s ambitions and what makes it unique

Rebecca Morley visits MiRiDER’s new production facility in Wigan to find more about the brand With its new 7,000 sq ft facility in Wigan, folding e-bike brand MiRiDER has its eyes set on serving dealers all over the UK. And each bike is built by hand by a trained operative …

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NoTraffic raises $17.5 million from former Uber exec

NoTraffic has raised $17.5 million in a Series A round led by Nielsen Ventures, a firm founded by former Uber and Dropbox executive and ex-Balderton Capital GP Lars Fjeldsoe-Nielsen and VEKTOR Partners, a VC firm focused on mobility disruption. Leading early-stage venture capital investment firm Grove Ventures, insurance leader Menora …

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Dott tackles e-scooter accessibility in London

Dott is launching a “multi-pronged approach” in an effort to make e-scooters more accessible to those with disabilities. The announcement comes after Dott won a tender to take part in London’s ongoing e-scooter trial, bringing its sensor technology, rider-facing training, smart parking technology and sound detection to the UK. Sensor …

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Time to diversify?

With summer finally starting and many bike distributors still struggling to meet demand in key areas, now could be the perfect time for IBDs to expand product ranges and add another string to their bows. The COVID lockdowns, and possibly the introduction of electric scooter hire schemes, has resulted in …

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Voi implements artificial sound to protect pedestrians with sight loss

Voi is installing sound on e-scooters in three cities to combat pavement riding and help protect pedestrians with sight loss as part of the trial of e-scooters across the UK. The brand’s engineers have designed a bespoke ‘low hum’ which will be added to Voi’s bright coral e-scooters to alert …

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Folding e-bike brand Eovolt doubles production capacity

Eovolt’s UK distributor Pinpoint CE has confirmed ongoing availability of the brand’s complete range of lightweight folding e-bikes to meet strong retail demand and as it looks to increase its IBD network. While supply challenges have been widely reported across the cycling channel, the French brand recently announced the doubling …

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Tier raises $60 million in asset-backed financing from Goldman Sachs to fuel e-scooter fleet expansion

Tier has secured $60 million of asset-backed financing from Goldman Sachs. The debt facility from the investment banking, securities and investment management firm is the ‘first’ of such scale in micromobility, said Tier, and will fuel the operator’s e-scooter fleet expansion for 2021. This follows Tier’s recent $250 million Series …

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MiRiDER: Made in Wigan

MiRiDER sales director Matthew Higginson talks hand-assembly, commitments and customer delight Can you provide us with a short introduction to MiRiDER? The MiRiDER business is one of several companies owned by my family in Lancashire. The business founder – my father, Mark Higginson – is the entrepreneur behind Disklok, Festive …

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Bird going public on NYSE through Switchback II merger

Bird is to go public on the New York Stock Exchange (NYSE) through a merger with Switchback II, a special purpose acquisition company (SPAC). This is the ‘next significant step’ on its journey to provide the world with safe, eco-friendly transportation, said a statement. Since 2017, Bird’s shared micro-EV service …

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BikeTrax now available for e-bikes with Yamaha motors

BikeTrax for Yamaha is now available at all BikeTrax dealers and in the PowUnity online store. BikeTrax for Yamaha engines can be retrofitted directly by end customers. With the help of the enclosed step-by-step instructions, the GPS tracker installed is ‘invisible’ to thieves from the outside. The BikeTrax theft protection …

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