Business

Partnerships, acquisitions and investment news

‘UK’s largest’ e-bike shop set to open in Edinburgh

The Electric Cycle Company (ECC) is moving to a 4,000 square foot, carbon-neutral premises in Edinburgh. Boogie, host of Forth 1’s Breakfast Show, joined Neill Hope, MD of the Electric Cycle Company, to launch a crowdfunding campaign to renovate the building into a new store and workshop, the “biggest e-bike …

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‘Talking e-scooters’ to arrive in UK as Neuron Mobility expands

Neuron Mobility plans to expand into the UK after finding success in Australia and New Zealand. The Singaporean brand, known for what it calls the first ‘talking’ e-scooter, is being backed by investments of over £16 million as it looks to further its reach. CEO Zachary Wang said: ”We regard …

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E-scooter sharing company Beam attracts $26 million investment

Micromobility start-up Beam has raised $26 million in a new financing round. The round was co-led by Sequoia India and Hana Ventures, with participation from RTP Global, AppWorks, Right Click, Cherubic and RedBadge Pacific. To date, the startup has raised $32.4 million. Founded in 2018, the e-scooter sharing service is …

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Swapfiets delves into e-scooters, plans European expansion

Swapfiets is expanding throughout Europe with plans for London, Milan and Paris before the end of 2020. The Dutch bicycle subscription provider is also testing a new e-scooter offering as it looks to diversify its business model. “Cities throughout the world are facing the challenge of environmental pollution through increasing …

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Micro ranked fifth most innovative company in Europe

Micro has been named the fifth most innovative business in Europe by Fast Company. The scooter company were acknowledged at the World’s Most Innovative Companies Awards 2020, which has previously hosted winners such as Apple, Novartis and Patagonia. “As a small Swiss family-owned company, it’s a great honour for us …

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Industry reacts to UK e-scooter trials

UK e-scooter trials are finally going ahead this week after being given the green light from 4th July. The trials are designed to help understand whether the devices reduce motor traffic, as well as their impacts on safety for their users and others. They will be strictly prohibited on pavements, …

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CityBike plans significant expansion following new investment

CityBike is pushing ahead with ambitious expansion plans after Sherpa Capital acquired a stake in the Spanish micromobility company. Founded in Spain 2014, CityBike first put itself on the map with its successful operation of Helsinki’s public bicycle system and, since then, it has taken on three other concessions in …

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Welcome to MMB

Biz Media, publisher of BikeBiz, PCR, MCV/Develop, Toy News and Licensing.biz, has announced the launch of micromobilitybiz (MMB), a pioneering B2B news resource for professionals in the burgeoning micromobility industry. Launching today, 1st July, MMB becomes the only dedicated trade news service for the sector. Brought to you by the …

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Superpedestrian expands into e-scooters with Link launch

Superpedestrian is expanding into the e-scooter market with a new shared micromobility division, Link. Link allows riders to rent Superpedestrian’s e-scooters via smartphone, and, according to the company, offers a safer and more sustainable shared mobility service than existing alternatives. Custom technology, it says, improves rider experience and more effectively …

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COVID-19 prompts significant layoffs at Bird

Bird has laid off nearly a third of its workforce as a result of the damage caused by COVID-19. The e-scooter start-up had already paused its shared scooter operations in many markets throughout the world, dramatically cutting back spending, but the financial impact has ultimately meant that cuts were inevitable. …

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