Business

Partnerships, acquisitions and investment news

Lime included in TIME Magazine’s 100 Most Influential Companies

TIME Magazine has included Lime on its inaugural 100 Most Influential Companies list. “It’s an honour to be recognised by TIME Magazine, not just as a leader in our field, but as one of the most influential companies in the world,” said Wayne Ting, Lime’s CEO. “We’re truly humbled by …

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Edemo Electric Bikes opens second site in Bristol

Property consultants Alder King has let a studio unit on the Paintworks scheme in Bristol to an expanding Gloucestershire e-bike retailer. Edemo Electric Bikes is a specialist Riese and Muller e-bike dealer based in Nailsworth. Following growth in sales over the past year, the company decided the time was right …

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Delfast signs agreement with Ukraine factory for e-bike production

Delfast has taken the first steps to transfer e-bike production from China to Ukraine with an agreement with the Elmiz factory in Kyiv. The parties agreed on the joint manufacture and assembly of the e-bikes. Delfast said it plans to manufacture its first five e-bikes during May, and gradually increase …

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COVID cycling boom will ‘triple e-bike sales by 2023’

The COVID cycling boom will triple e-bike sales by 2023, the BA has revealed in a new impact report. Building On The Boom: The UK Cycling Market in 2020 and Beyond was produced using data from the BA’s Market Data Service (MDS), powered by Sports Marketing Surveys Inc (SMS). Other …

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Wiggle sees sales of e-bikes up 355%

Wiggle has reported an uplift in sales across its fitness categories, with interest in e-bikes increasing by 129% last year and sales of e-bikes up 355%. The data has revealed that consumers may be considering swapping their public transport commute to work for cycling as a healthier, socially distanced option, …

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New stores see The Electric Bike Shop expand across UK

The Electric Bike Shop has expanded to six stores nationwide and a distribution hub in the Midlands – with plans to open three more stores by the end of 2021 and have a total store portfolio of 15-20 by the end of 2022. “We can sit back, relax and pat …

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Knaap Bikes on entering an industry during a pandemic

Being a newcomer to an industry can be tough at any time – let alone in the middle of a global pandemic. The lack of events over the past 12 months has meant fewer opportunities to network and introduce new products and engage with them, meaning it has been challenging …

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Velorution partners with Fenwick to open new stores

Electric, urban and folding bike retailer Velorution has partnered with Fenwick. The deal between the two parties will see Velorution, which already has stores in four locations across London, further its growth. Velorution X Fenwick of Bond Street and Velorution X Fenwick in Bentalls Kingston are set to open on …

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Tier establishes new tech hub in Budapest following Makery acquisition

Tier is to establish a new tech hub in Budapest after acquiring tech agency Makery. Budapest will be Tier’s largest tech-focused office outside of its headquarters in Berlin and London, and it will also be one of many new cities in Central and Eastern Europe where Tier will launch its …

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European Commission confirms legislation for light electric vehicles is ‘unsuitable’

LEVA-EU is celebrating a campaigning victory after the European Commission confirmed legislation governing light electric vehicles was ‘unsuitable’. The Commission has acknowledged that the Machinery Directive, in place to ensure a common safety level for machinery placed on the European market, is not suitable for vehicles. LEVA-EU, which has campaigned …

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