Business

Partnerships, acquisitions and investment news

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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Tier establishes new tech hub in Budapest following Makery acquisition

Tier is to establish a new tech hub in Budapest after acquiring tech agency Makery. Budapest will be Tier’s largest tech-focused office outside of its headquarters in Berlin and London, and it will also be one of many new cities in Central and Eastern Europe where Tier will launch its …

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European Commission confirms legislation for light electric vehicles is ‘unsuitable’

LEVA-EU is celebrating a campaigning victory after the European Commission confirmed legislation governing light electric vehicles was ‘unsuitable’. The Commission has acknowledged that the Machinery Directive, in place to ensure a common safety level for machinery placed on the European market, is not suitable for vehicles. LEVA-EU, which has campaigned …

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Veer Cycle aiming to disrupt LEV drivetrain segment with equity crowdfunding campaign

Veer Cycle is geared up to disrupt the light EV drivetrain segment with the help of equity crowdfunding. Targeted at the light electric vehicle (LEV) segment, which includes e-bikes, e-scooters and e- motorcycles, Veer’s Split Belt Drive is intended to replace aftermarket metal chains and secure partnerships with LEV manufacturers. …

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Lime rolls out ‘app-less’ feature to improve accessibility

Lime scooters can now be rented in cities around the world without riders opening or downloading the Lime app, the company has announced. “We’re thrilled to announce that starting today Lime riders will be able to walk up to a scooter and start riding, regardless of whether they have our …

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VanMoof to expand physical presence across 50 cities as part of global strategy

VanMoof is set to expand its physical presence from eight to 50 cities as part of its core global strategy. The global rollout will see the brand open a network of service hubs and certified partner workshops over the next six months. VanMoof said it is making service its ‘number …

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Bird commits to sustainable mobility in Europe with $150 million investment

Bird is investing $150 million in Europe in 2021 as part of its commitment to helping sustainable mobility and tech innovation thrive in the continent. The funds will be used to open safe, sustainable micromobility programmes in over 50 new European cities. The company will also be launching new mobility …

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