Business

Partnerships, acquisitions and investment news

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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Hartje opens new e-bike factory in Czech Republic

The Hartje e-factory has moved into its own new building in the Czech Republic. It is currently expanding its capacities step by step, and Hartje as a whole is increasingly taking on the role of a manufacturer. “With our own location in the Czech Republic, we have created optimal conditions …

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Lime to expand e-bike service as part of $50 million investment

Lime has announced a $50 million investment in e-bikes, including new and improved hardware and plans to expand its service to an additional 25 cities this year. The company’s newest e-bike model will hit city streets this summer as it aims to expand its fleet globally. “As we build out …

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Delfast raises $3.4 million to localise e-bike manufacture

Ukrainian startup Delfast has closed the first round of its crowdfunding campaign on Fundable, raising $3.4 million from local and foreign investors. Launched by Delfast in November 2020, the campaign is aimed at constructing the R&D centre that will satisfy the rising demand for electric bikes and fulfil the requests it …

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Gocycle to open Netherlands-based subsidiary to serve growing EU customer base

Gocycle is to set up a new European subsidiary to better serve its growing EU customer base. The Netherlands-based European subsidiary will include localised EU wide fulfilment from a central distribution centre in Germany. The warehouse will stock and distribute Gocycle products and accessories, fulfilling the brand’s orders across the European …

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