Business

Partnerships, acquisitions and investment news

Pure Electric agrees exclusive retail partnership with Bird

Pure Electric has agreed an exclusive retail and distribution deal with Bird. It will be the exclusive retailer for the UK market, with sole distribution rights.   Bird launched its first rideshare scheme in Santa Monica in 2017, before bringing its technology to Europe in 2018. It operates in 50 …

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Powabyke UK to distribute MBM’s range of push and e-bikes

Powabyke UK has secured sole UK distribution rights with Italian brand MBM for its entire range of push and e-bikes, with stock currently arriving in bike dealerships around the country. “Cycling has seen an extraordinary level of uptake over the last six months and has at times led to shortages …

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European Commission to review regulation surrounding LEVs and type approval

The European Commission has initiated a review of Directive 168/2013, which regulates type approval for vehicles with two or more wheels. LEVA-EU has argued “long and hard” for a review of the regulation, saying how the market potential of light electric vehicles (LEVs) covered by the type approval is being …

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Thok E-bikes appoints Windwave as UK and Ireland distributor

Thok E-bikes has appointed Windwave as its distributor for the UK and Ireland. “I have known and worked with the Windwave team since 2005,” said Stefano Migliorini, Thok E-bikes’ CEO. “I am a passionate lover of the two wheels world and the Windwave team shares my values and ideas. This …

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HumanForest suspends service, lays off staff and plans 2021 relaunch

HumanForest has suspended its e-bike service in London following “mechanical issues” and will relaunch in Spring 2021 with a new model. As part of the move, the UK start-up has made a number of layoffs just weeks after announcing a £1.8 million seed round of funding.  The company confirmed it …

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Voi to pay for police spot checks on riders

It has been reported today Swedish firm Voi is to pay for police patrols to carry out spot checks on e-scooter users in Birmingham and Northampton, in an effort to address concerns around irresponsible e-scooter use. The news comes after Voi and Coventry City Council announced a suspension to the …

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E-scooters and the cycling industry: Richard Thorpe, Gocycle

E-scooters have evolved to become one of the key cycling industry talking points in recent years. Four industry stalwarts give their take on e-scooters’ impact on the cycling industry and the micromobility market as a whole. Today, we hear from Gocycle’s Richard Thorpe I’ll jump straight to the point – …

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Fleet Logistics launches Global Mobility Solutions arm

Fleet Logistics has created a Global Mobility Solutions unit to support its customers with key issues such as corporate mobility, sustainability, cost and electrification. The move, which Fleet said has been timed to help companies tackle ‘a long list of burning issues’ in the face of COVID-19, will see unit …

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VanMoof raises $40 million in Series B funding, reports 220% global revenue growth

VanMoof has raised $40 million in Series B funding, bolstering the brand for further global expansion. The investment, from Norwest Venture Partners, Felix Capital and Balderton Capital, comes after $13.5 million in funding earlier this year. It brings VanMoof’s total raised to $73 million. The brand has also reported a …

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Halfords e-mobility sales rise 230% amid transport revolution

Halfords has reported a 230% increase in e-bikes and e-scooters year-on-year. The announcement was made as part of the company’s trading update for the 20-week period to 21st August, which saw cycling like-for-like revenue rise 59.1%. There was growth across all product categories, the retailer said, with an increase of …

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