Electric bike
VANCOUVER, British Columbia (BRAIN) — Mobile service franchiser Velofix is now providing an assembly and delivery program for QuietKat, the Colorado-based e-bike brand that was recently acquired by Vista Outdoor.
SAN FRANCISCO (BRAIN) — E-commerce company Ridepanda announced it received a combined $3.75 million in financing from investors to help meet demand for its electric vehicles, which include e-bikes.
LOS ANGELES (BRAIN) — Micromobility company Bird will enter the bike-sharing market this year with a line of pedal-assist e-bikes and a Smart Bikeshare platform.
ASPEN, Colo. (BRAIN) — Nirvana X Group's decision to become the U.S. distributor of e-bike manufacturer Nox Cycles was solidified last year when bike supply began shrinking.
While the rest of the market is scrambling for product, the e-bike sector just keeps on growing. And that's a good thing for the IBD.
FRANKFURT, Germany (BRAIN) — Naxicap Partners, a European private equity firm, has reached an agreement to acquire Stromer, the Swiss-based e-bike brand. Details of the agreement were not disclosed. The transaction is subject to customary approvals.
THOUSAND OAKS, Calif. (BRAIN) — With bike demand high and more low-cost e-bikes entering the market, Mike Fritz said retailers need to be aware of increased risks of a battery fire.
FORT MYERS, Fla. (BRAIN) — In late March, Ed Benjamin completed a report on e-bike import numbers for 2020. The eCycleElectric senior managing director expected to find 130-150 importers. The number was closer to 400.
NEW YORK (BRAIN) — REI Co-op expands its Brompton Bicycle lineup at select stores today with the addition of an electric model.
FORT WAYNE, Ind. (BRAIN) — Recon Power Bikes started on the principle that to create the right e-bike for law enforcement, having the proper background is paramount.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19.
Bike-share programs are poised for a post-pandemic boom, but over-saturation remains a danger.
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