WEST HOLLYWOOD, Calif. (BRAIN) — Wheels, a startup electric bike share company, has raised $50 millionin an investment round led by DBL Partners. DBL's founder, Ira Ehrenpreis, was an early investor in Tesla and is on the electric car company's board.
Industry News
LOS GATOS, Calif. (BRAIN) — Beeline Bikes, which provides software that helps bike retailers schedule service work and fulfill online bike sales, has been acquired by an investment group that includes technology and bike industry veterans.
DENDERMONDE, Belgium (BRAIN) — Cycling legend Eddy Merckx was admitted to the emergency room at a Belgian hospital Sunday following a heavy crash while riding his bike, the Belgian daily Het Nieuwsblad reported.
BOULDER, Colo. (BRAIN) — The Boulder Valley Velodrome, built by a partnership that includes Boulder retailer Doug Emerson, is likely to close by the end of the year.
By Michael Gamstetter
ADELAIDE, Australia (BRAIN) — Rarely does a company take to social media to claim another supplier violated its intellectual property rights. But that's been the approach of Zidaz Izaz, owner of the handlebar brand Eyropro.
MOAB, Utah (BRAIN) — With a cheeky event title that played off Interbike's indoor setting, Outerbike has now lasted a decade — and officially into the post-Interbike era.
Hubs and cassettes were on the original list, but testimony from industry apparently led to their removal.
BLOOMINGTON, Minn. (BRAIN) — The industry escaped another potential tariff threat — this time on European hubs and cassettes — likely thanks to testimony in Washington from Matt Moore, QBP's counsel and chair of the legal and legislative committee for the Bicycle Product Suppliers Association.
MARINA, Calif. (BRAIN) — When Light & Motion saw rising tariffs on the horizon in the U.S.-China trade war, it was as clear as day what had to be done.
PHILADELPHIA (BRAIN) — Tiger Group, a liquidator that bought the wholesale operations of ASE out of bankruptcy last year, has sold the operations, now called BikeCo, to Advanced Holdings Co. LTD.
MONTRÉAL (BRAIN) — Dorel Industries Inc., parent of Schwinn, Cannondale and other brands, has suspended its dividend and says its third quarter results will be harmed by increased U.S. tariffs on Chinese bikes, furniture and other goods Dorel sells.
SAN FRANCISCO (BRAIN) — The city transit agency is giving Bay Area Motivate until mid-October to have e-bike service restored after battery fires forced the Lyft bike-sharing fleet off the streets.
WASHINGTON (BRAIN) — More than a week after the Trump administration announced tariff exclusions, the industry is still unclear — or even "doubtful" — if e-bikes earned it. Meanwhile, exclusion requests pour in as importers and trade organizations hope to duplicate the success of singlespeed importer State Bicycle.
BOULDER, Colo. (BRAIN) — Nate Pearson, the CEO of the fast-growing indoor training platform TrainerRoad, joins host Kristin Carpenter on this week's Channel Mastery podcast, produced in partnership with BRAIN.
BOULDER, Colo. (BRAIN) — Following recent BRAIN magazine product features on apparel, indoor training, and youth bikes, our next print edition will include a package of stories about the growing market for cargo bikes — both electric and acoustic.
CHICAGO (BRAIN) — The Chicago Department of Transportation asked the U.S. District Court on Thursday to dismiss a share-bike company's lawsuit that alleges the city granted its primary competitor exclusive rights to operate.
Revised treaty should end cheap Chinese shipping to the U.S., which U.S. retailers and suppliers applaud.
GENEVA (BRAIN) — The U.S. elected to remain in the Universal Postal Union after an agreement was reached Wednesday, allowing it to better compete with China and other developing countries who ship products to the U.S. at lower rates.
LONGMONT, Colo. (BRAIN) — Facebook, apparently in an effort to curtail foreign influence in U.S. elections, made a Colorado bike accessory brand jump through regulatory hoops before letting it promote its "Bidon 2020" water bottles on the social network site.
NEW YORK (BRAIN) — Peloton, which priced shares at $29 in its IPO Wedneday, fell to $27 per share when the market opened Thursday morning on the Nasdaq.
In the IPO, the company raised $1.16 billion, giving it a valuation of $8.1 billion.
YORKSHIRE, United Kingdom (BRAIN) — Bike racing avatars will presumably earn the right to don virtual rainbow jerseys following the first UCI Cycling Esports World Championships, to be held next year.
UPDATED
ATLANTA (BRAIN) — After nearly 30 years of entertaining purchase offers, Speedplay co-founders Richard Bryne and Sharon Worman finally chose one to accept.
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