Business

Partnerships, acquisitions and investment news

Proposals for new ZEV concept presented to European Commission

Trade association LEVA-EU has laid out in full and presented to the European Commission its proposals for a new legal classification of light electric vehicles. The organisation has also called for better representation for Zero Tailpipe Emission Vehicles (ZEVs), the new concept of vehicles it has proposed, in a bid …

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E-bike brand HNF Nicolai sees 100% sales growth in 2020

E-bike brand HNF Nicolai has reported a 103% growth in sales during the 2020 calendar year, compared with the previous 12 months. Michael Hecken, chief sales and marketing officer of HNF, said HNF and Hero International’s joint strategy of working with independent bike dealers is paying off with more than …

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Rad Power Bikes ushers in ‘new era for mobility’ with $150 million investment

Rad Power Bikes has announced a minority investment of $150 million. The investment is from Counterpoint Global (Morgan Stanley), Fidelity Management and Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. Rowe Price Associates. Existing investors Durable Capital Partners …

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Consumer demand for privately owned e-scooters will outstrip rental in 2021

By Jez Williman, CEO of D-Fly Group and founder of the Dragonfly Hyperscooter The sudden need for socially distanced ways to travel saw e-scooter rental schemes accelerate throughout 2020. While the rental models have been understandably basic, the trials have been invaluable in forging the way for more widespread acceptance …

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Pure Electric to distribute Analog Motion’s AMX Le Classic

Pure Electric has agreed an exclusive distribution deal with Analog Motion to offer its customers the new Analog Motion AMX Le Classic. “The e-bike is set to define the highly competitive lightweight commuter category,” said a statement, “following a series of customer-led refinements by Analog Motion from the original AM1 …

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Arkessa and Ericsson to provide global connectivity for Voi e-scooters

Voi has integrated with Ericsson and Arkessa to provide global connectivity for e-scooters. With global SIMs supplied by Arkessa, Voi can provision and activate scooters and manage its fleet of connected scooters worldwide, regardless of their location. Arkessa’s global connectivity offers Voi the flexibility to deploy its growing fleet of …

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LEVA-EU calls for end to ‘discrimination’ against EU e-bike assemblers

Trade association LEVA-EU has called for an amendment to legislation that is said is ‘discriminating’ against e-bike manufacturers over China components. The organisation said that e-bike assemblers must pay 48.5% anti-dumping duty on essential bike components from China, even though the components are not subject to that duty as stipulated …

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Zipp Mobility to create 30 new jobs following successful year for company

Irish micromobility start-up Zipp Mobility is planning to create at least 30 additional jobs in the coming year as it gears up to launch e-scooter services across Ireland once new legislation is passed into law. The follows on from a successful year for the company in which it secured €1.1 …

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E-bike sales surge amid COVID fears, Energise figures find

Sales of electric bikes have more than doubled over the past six months, according to new figures from specialist e-bike retailer Energise. “The demand for electric bikes has multiplied over and again, and at Energise our customers say the main reason for their bike purchase is because they’re worried about …

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The Electric Bike Shop set to open fifth store tomorrow

The Electric Bike Shop is set to open its fifth store in Uckfield tomorrow, 7th January, joining showrooms in Bristol, Solihull, Stroud and Sutton Coldfield. The company has been selling electric bikes for over six years. Owner Karl Haden is assisted by operations director Sean Byrne who lives locally in Sussex …

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