Business

Partnerships, acquisitions and investment news

HumanForest expands e-bikes to Hammersmith and Fulham 

Micromobility platform HumanForest has expanded into West London, offering e-bikes and the Hammersmith and Fulham area.  This is the first time the London-based operator has expanded into the west of the capital, having first launched in Islington in summer 2020.  HumanForest operates a unique business model, as it uses advertising …

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Tier acquires camera positioning firm Fantasmo to improve parking system 

Micromobility provider Tier has acquired camera-based location firm Fantasmo, to bring improvements to parking in-house.  US-based company Fantasmo uses cameras to replace GPS tracking, with the technology capable of tracking how e-bike and e-scooter users park their machines.  Tier says it has acquired Fantasmo as an investment into its parking …

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Bolt launches fifth generation e-scooter 

Micromobility provider Bolt has launched its fifth generation of e-scooter, the Bolt 5.  The latest machine has been designed with new safety features, as well as curved handlebars and a wider foot-space for better grip and handling. A larger front wheel and hydraulic suspension are also new additions to Bolt …

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Demand from lower income people to legalise private e-scooters on roads, according to Pure Electric research

There is major demand amongst lower income people to legalise e-scooters, according to research from retailer Pure Electric.  New research from the micromobility specialist chain shows the extent of the demand for the Government to legalise e-scooter use on the roads in the UK. Currently privately-owned e-scooters are subject to …

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Voi reaches 100 million-ride milestone in Europe 

Voi has just celebrated its 100 millionth ride in Europe after it was founded in 2018. The Swedish micromobility firm says it crossed the 100-million journey mark for its e-bikes and e-scooters on 20th March, with the milestone ride taking place in Seville, Spain.  Trips on Voi scooters more than …

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Dott launches e-bikes in London 

Micromobility provider Dott has launched its brand new e-bikes in London, with machines now available in Hammersmith and Fulham. More than 250 bikes will be in operation in the area, as Dott expands its offering in the capital, as e-scooters are already available in London.  Duncan Robertson, general manager UK …

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E-bike retailer Fully Charged continues expansion with new Guildford store

Fully Charged launched its new store in Guildford earlier this week, offering an array of e-bike brands in fold-up, commuter, hybrid, eMTB and cargo options. The electric bike retailer welcomed 100 people to the new 3,000sq/ft store on the evening of Tuesday 15th March. “We couldn’t be prouder to now …

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E-Bike Grand Prix appoints Formula E’s Richard Bate as health and safety head

The E-Bike Grand Prix series has appointed Richard Bate from Formula E as the head of health and safety.  Launching in late 2022, the E-Bike Grand Prix (EBK GP) series is a collection of global criterium races, designed to showcase e-bike technology.  As the organisers gather pace for the inaugural …

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Retailer Pure Electric secures £10 million to help expand business

The high street mobility chain Pure Electric has secured £10 million to help expand the business. Following an inventory finance facility from Secure Trust Bank Commercial Finance, Pure Electric plans to spend the £10 million to expand its operational capabilities and make improvements to the company.  Pure, founded in 2018 …

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Tier buys Ford-owned micromobility operator Spin 

Tier has purchased the Ford-owned micromobility operator Spin for an undisclosed sum, allowing it to expand in North America.  Berlin-based shared scooter firm Tier has taken ownership of Spin’s 50,000 vehicles, expanding Tier’s footprint to more than 520 cities in 21 countries.  Following the purchase of European e-bike company Nextbike …

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