Business

Partnerships, acquisitions and investment news

Ather Energy plans scooter exchange programme, expands into eight new cities

Electric vehicle startup Ather Energy is planning a vehicle exchange programme to encourage traditional scooters to switch to electric. The company is expanding into eight new cities with financing and ownership models, opening up experiencing centres through dealerships in Kochi, Coimbatore and Kolkata, amongst others. Ather’s co-founder and CEO Tarun …

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Swytch “inundated” with order requests for e-bike kit

Swytch Technology has said it has been “inundated” with order requests for its e-bike conversion kit, following the UK Government urging people to cycle. The waiting list to order a Swytch kit now exceeds 100,000 people and production has had to be increased to meet the growing demand, the company …

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E-scooters to be trialled in Birmingham and Coventry

E-scooters are set to appear on West Midlands streets in a trial to help get the region moving once lockdown restrictions start to be lifted. Transport for West Midlands (TfWM), Birmingham City Council and Coventry City Council will now work together to test the technology and better understand the benefits …

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LEVA-EU says ‘blanket’ EU regulation ‘choking’ LEV sector

LEVA-EU is calling for an “urgent” change in EU regulations it says are “seriously hindering manufacturers”. The advocacy group said the issue has been brought into focus as a result of the COVID-19 pandemic, with cities across Europe encouraging use of more light, electric vehicles (LEV), such as e-bikes, as …

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Beryl urges UK councils “not to sleepwalk” into dilemmas of past micromobility schemes

Beryl has signalled its willingness and ability to launch services with local councils who have expressed an interest in running shared electric scooter trials to the DfT. The company’s hybrid scheme, which already includes e-bikes in regions across the UK, encourages users to pick up and drop off Beryl Bikes …

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Swedish e-bike sales remain high despite Government ceasing subsidy scheme

E-bike sales in Sweden remain at an “unexpectedly” high level despite the removal of a generous Government subsidy scheme, according to data from Swedish industry association Cykelbranschen. While sales have indeed fallen since the scheme – which covered 25% of e-bike purchase prices between September 2017 and September 2018 – …

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Lime acquires Jump’s business operations, secures additional financing

Uber is leading a $170 million investment round in Lime with participation from Alphabet, Bain Capital Ventures, GV and other investors. As part of the investment, Lime has acquired Jump’s business operations and will further expand its mobile app integration with Uber. In addition, the company has promoted Wayne Ting …

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Transport Committee launches e-scooters inquiry

The Transport Committee has launched an inquiry to explore the safety and legal implications of e-scooters, their impact on congestion and potential contribution to reducing the UK’s greenhouse gas emissions. The UK is the last major European economy where e-scooters are banned everywhere except on private land (with the landowner’s …

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