Business

Partnerships, acquisitions and investment news

Carbo’s folding e-bikes now available from Velorution

Carbo’s folding electric bikes are now available to purchase from Velorution. Originally an Indiegogo crowdfunding campaign, Carbo has agreed terms with Velorution in the UK as the official retail partner with both the Carbo Model X and Carbo Model S currently available, alongside a selection of accessories. “With active travel on …

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E-drive systems manufacturer Bafang launches dealer direct service

Bafang has developed a dealer direct service model for complete e-bike drive systems. It will be launched in phases from February in the Netherlands, initially with complete Bafang systems for several selected brands. Later phases will support dealers for more brands throughout the whole of Europe. A dealer direct service …

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E-bikes: A mouth-watering opportunity

New data from the Bicycle Association Market Data Service, powered by SMS, has highlighted the spiralling value of e-bikes to the UK cycling market In total, between January and August 2020, e-bikes accounted for 12% of cycling sales’ value in the UK, a calculation which includes bikes, e-bikes, parts, accessories …

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HumanForest completes crowdfunding campaign with £1.27 million raised

HumanForest has successfully completed its crowdfunding campaign, raising £1.27 million. “I would like to offer a warm welcome to HumanForest’s 523 new shareholders,” said Agustin Guilisasti, CEO and founder. “It gives me and the whole team at HumanForest great excitement to know that so many people from all around the …

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Covation Holdings establishes UK sales hub for Buzz E-bikes

Covation Holdings is expanding into the European market with a new UK sales hub for outdoor bicycle brands Huffy, Royce Union and Buzz E-bikes. Led by EU general manager Jon Tilley, the company will focus on driving brand awareness across European markets, while working with retailers on import programmes and …

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Pure Electric opening new London store this week

Pure Electric is opening its fifth London store this Friday, 18th December. The new store, which will create seven new jobs, is on Tooley Street by London Bridge and follows recent London shop openings in Croydon Box Park, Spitalfields and Holborn. The company started the year with just one high street outlet in …

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Voi launches $3 million City Innovation Fund to advance safe, inclusive and sustainable micromobility

Voi has launched its City Innovation Fund, a $3 million commitment to support cities as they embrace safe, inclusive micromobility. The fund seeks to expand and grow private- and public-sector projects that improve road safety, parking and the sustainability of micromobility vehicles and operations. The company said it hopes to …

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Innovate UK awards £139,000 to e-bike developer CrownCruiser

UK-based e-bike developer CrownCruiser Motors has been awarded £139,970 from Innovate UK’s Sustainable Innovation Fund. The grant will enable CrownCruiser to set up an operations and assembly centre in Sheffield, working in partnership with Sheffield City Region to build, promote and sell the Rapture. “This moment is many years in …

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HumanForest secures £1.25 million crowdfunding investment

HumanForest has secured its target crowdfunding investment of £1.25 million. The campaign is now overfunded thanks to commitments from more than 445 investors. Capital raised will be used by HumanForest to acquire 1,500 electric bikes, expand into 15 London boroughs by summer 2021 and grow internationally in 2022. HumanForest launched …

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Micromobility: a tantalising prospect for Christmas sales?

According to the BA’s Market Data Service – powered by Sports Marketing Surveys (SMS) – it’s beginning to look a lot like Christmas buying habits will be very different in 2020… In total, this market, which is predominantly made up of electric and non-electric scooters, has followed the wider cycling …

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