Industry News
WASHINGTON (BRAIN) — The League of American Bicyclists is urging Congress to explain why the Department of Transportation is no longer encouraging states and local governments to provide safety measures like bike lanes.
PETALUMA, Calif. (BRAIN) — Marin Mountain Bikes is suing the Internal Revenue Service in the U.S. Tax Court, charging that the IRS misvalued the company’s worth, causing it to be billed for an extra $3 million in taxes and penalties this year.
STOCKHOLM (BRAIN) — Despite what it called a “challenging” North America market and decreased Sport & Cargo Carrier demand, Thule Group's net sales increased slightly year-over-year in the second quarter.
GLOUCESTERSHIRE, United Kingdom (BRAIN) — Cyclist and theoretical physicist Albert Einstein once wrote, "Life is like riding a bicycle. To keep your balance, you must keep moving." The bike saddle that once helped Einstein maintain that life balance hasn't moved and remains available for purchase after an auction failed to generate bids during a Dominic Winter Auctioneers events here in May and in October.
BOULDER, Colo. (BRAIN) — Simple Cycling Maps is expanding beyond Colorado with an OZ Trails Bike Park Map project in Bentonville, Arkansas.
HONOLULU (BRAIN) — Hawaii Gov. Josh Green on Wednesday signed into law an e-mobility bill that defines and bans e-motos in certain locations while regulating low-speed e-bikes the same as non-electric bikes.
STOCKHOLM (BRAIN) — MIPS net sales increased 72% year-over-year in the second quarter with the Sports category — which includes bike and snow helmet sub-categories — growing by 51%.
WINTER PARK, Colo. (BRAIN) — San Util Design, a company that handcrafts bags and gear for backcountry travel, bikepacking, and mountain biking, is moving operations from Colorado to Bellingham, Washington. The move, which was planned for the end of June, coincides with changes to San Util’s business model.
MONTEREY, Calif. (BRAIN) — SwissStop, which built its reputation providing special rim brake pads for carbon rims, is taking a fresh approach to the U.S. market as Canada-based distributor Helvetia Sports Ltd. takes over from previous distributors.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission said last week that importers of regulated consumer products like e-bikes and other e-mobility devices must submit compliance certificates electronically before their products enter the U.S.
TAICHUNG, Taiwan (BRAIN) — Giant Group’s operating revenue in June was nearly 16% higher than in the same month last year, according to a statement the company filed with the Taipei stock exchange on Thursday.
ASHLAND, Ore. (BRAIN) — Professional bicycle mechanic school United Bicycle Institute has been acquired by the father and son team of Ryan Bedford and Phil Bedford.
SAN MATEO, Calif. (BRAIN) — GoPro founder and CEO Nicholas Woodman will provide $20 million in financing through the purchase of common stock as the company considers either selling or merging to maximize value for stockholders.
The financing is subject to certain closing conditions.
SEATTLE (BRAIN) — A suit filed by Amazon and UL against five e-bike and e-scooter companies for allegedly falsely claiming their e-bikes and scooters were UL-certified has ended in a court order barring the companies from doing it anymore.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: How have your bicycle suppliers' policies evolved in recent years? What do you wish they'd start — or stop — doing?
SANTA ANA, Calif. (BRAIN) — MIPS will pay $3.25 million to fellow helmet technology company BrainGuard Technologies as part of a patent infringement lawsuit settlement brought against Revelyst and its helmet brands.
BETHESDA, Md. (BRAIN) — The Consumer Product Safety Commission's e-mobility device and lithium-ion battery testing standards proposal finally is available for review and comment, more than a year after approval by a commission that's since been dismantled and a new procedure created by executive order that contributed to the delay.
DEERFIELD BEACH, Fla. (BRAIN) — Rad Life Mobility announced Monday night that it has acquired QuietKat, an e-bike brand tailored for hunters and anglers. Terms were not disclosed.
SHEFFIELD, U.K. (BRAIN) — Decathlon Pulse, the investment unit of the French sporting goods retailer Decathlon, and BA Capital, a Shanghai, China-based venture capital firm, have each acquired shares in Brompton, the UK folding bike brand.
NEW YORK (BRAIN) — City Councilman Frank Morano and several residents are suing Mayor Zohran Mamdani for overturning a criminal enforcement policy for e-vehicle violations in March.
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