Business

Partnerships, acquisitions and investment news

Speed pedelec specialist Stromer joins Hotlines portfolio

Hotlines is to take on UK distribution of Stromer. Speed pedelec specialist Stromer is ‘redefining the urban mobility landscape’ with a range of powerful bikes with integrated design, full connectivity and ‘outstanding’ ride qualities. Born in 2009, it is now a rapidly expanding company with a range of models built …

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Ampler closes €7.4 million equity round to continue expansion

Ampler has raised € 7.4 million in an equity round to support its expansion plans. The round was led by seasoned investors Taavet Hinrikus and Sten Tamkivi from Taavet+Sten and joined by top Estonian investors Metaplanet, Ambient Sound Investments and Ragnar Sass. It puts the company valuation at €47 million. …

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Rad Power Bikes announces $154 million in funding

Rad Power Bikes has announced $154 million in funding from existing investors to supercharge its global efforts to get more people out of cars and onto e-bikes. This round is led by Fidelity Management and Research Company LLC, with investments from funds and accounts advised by T. Rowe Price Associates, …

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Voi partners with Apple Pay and Google Pay

Voi users can now book rides with the new digital payment methods Apple Pay and Google Pay. These partnerships make it easier for Voi users to pick up an e-scooter, without the need to hassle with filling in bank card details. Until now, Voi users have had to store means …

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TIER raises $200 million Series D funding

TIER has announced the first close of its $200 million Series D funding round. As part of a broader equity and debt raise, this round of funding is led by previous investors SoftBank Vision Fund 2, Mubadala Capital and adds new partners like M&G Investments, a green impact fund, and …

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Evolving Sports Distribution brings Amcargobikes to UK

Evolving Sports Distribution is now the UK distributor for Danish brand Amcargobikes. Hailing from Copenhagen, Amcargobikes was founded back in 1992. All the bikes are assembled at the in-house factory in Veksø, Denmark. Evolving Sports said: “We are hugely excited to be bringing Amcargobikes to the UK market at such …

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Bosch eBike Systems’ 12th international dealer training series to start next month

Bosch eBike Systems’ 12th international dealer training series will start on 18th October, with the first UK training session taking place on 2nd November. E-bike dealers from 16 countries, including Slovakia and Portugal for the first time, are invited to broaden their knowledge of the brand’s products at one of …

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TVS Motor Company partners with EGO Movement as majority shareholder

TVS Motor Company has announced its partnership with Swiss e-bike brand EGO Movement as a majority shareholder. TVS Motor intends to expand its portfolio of sustainable and scalable personal mobility solutions and brands in the area of electromobility and ‘recognised the potential’ in EGO Movement. Joint managing director of the …

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ZyroFisher to introduce STACYC electric balance bikes into UK and Ireland

ZyroFisher has partnered with Texas-based STACYC to distribute its range of electric balance bikes into the UK and Ireland. STACYC was launched in 2016 as a new category in the two-wheeled space, created by Ryan Ragland, founder of STACYC and former KTM employee of 15 years. The brand is geared …

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Voi launches recruitment drive through Government’s Kickstart Scheme

Voi is recruiting 25 young people to its UK operations in Liverpool, Cambridge, Bristol, Oxford, Portsmouth, Southampton, Birmingham and Northampton. The new positions are being offered through the Government’s Kickstart Scheme which is helping to create new jobs for 16 to 24-year-olds on Universal Credit who are at risk of …

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