Industry News

NEW YORK (BRAIN) — E-mobility rental and sales company submitted a non-binding bid to acquire e-bike brand VanMoof, which was declared bankrupt by the court of Amsterdam on July 17.

Tagged Electric bike / Mergers, Acquisitions & Investments

VANCOUVER, British Columbia (BRAIN) — Envo Drive Systems, the maker of various electric vehicles including e-bikes, has acquired VeloMetro Mobility, a fellow Vancouver-based company, which went bankrupt last winter.

Tagged Electric bike / Mergers, Acquisitions & Investments
The Reid Ladies Classic is among the bikes being liquidated in Canada.

TORONTO (BRAIN) — Auctionmaxx, a Canadian liquidation specialist, has agreed with a court-appointed appointed receiver to acquire about 2,260 Reid bikes from Reid’s Canadian distributor, Vellend-Tech Inc. Velland-Tech entered receivership this spring after failing to make payments on a bank credit line.

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the parent of bike events including the Leadville 100, the Sea Otter Classic and Unbound Gravel, reports that revenue in its "other" category was up 25.7% in the first half of the year.

Tagged Earnings/Financial Reports / Sea Otter Classic
FDNY photo from a battery-charging business it shut down this year.

BETHESDA, Md. (BRAIN) — Mandatory federal regulations will be necessary to curb the growing fire danger from lithium-ion batteries, industry representatives said at a Consumer Product Safety Commission public hearing Thursday.

Tagged Electric bike

ANOKA, Minn. (BRAIN) — In its most recent quarter, Vista Outdoor recorded an 8% sales increase in its Outdoor Products business unit, which encompasses Bell, Giro, Fox Racing, Blackburn, QuietKat, and CamelBak, among other brands. Much of the increase, however, was due to acquisitions — including Fox Racing.

Tagged Earnings/Financial Reports
The meeting is open to the public via videoconferencing.

WASHINGTON (BRAIN) — Representatives from various organizations — including the bicycle industry, independent standards groups, and consumer safety advocates — will meet Thursday at 10 a.m. EDT to discuss lithium-ion battery safety at a Consumer Product Safety Commission forum.

Tagged Electric bike

SAN FRANCISCO (BRAIN) — Lyft is listening to purchase and investor offers for its e-bike and e-scooter bikeshare division, according to a blog post on its website on Monday.

Tagged Electric bike
Now it's up to the CPSC to decide — and if any other bike regs should be updated.

WASHINGTON (BRAIN) — A 60-day comment period ended Monday, giving interested people an opportunity to weigh in on whether federal bicycle safety requirements – in particular a requirement that sidewalk bikes have coaster brakes —  are outdated.

Tagged Electric bike

OSAKA, Japan (BRAIN) — Shimano says interest in bicycles globally continues as a long-term trend, but that macro-economic conditions and industry inventory levels contributed to a 17.7% decline in sales in its bike business in the second quarter this year, compared to the same period last year.

Tagged Earnings/Financial Reports
Deadline was Monday to submit public comments online.
Getty Images

WASHINGTON — The last time the Consumer Product Safety Commission took an in-depth look at its bicycle safety regulations, it was the mid-1970s and the industry was just emerging from that decade's bike boom. The agency had only been launched in 1972.

Tagged Electric bike / From the Magazine

DERBYSHIRE, U.K. (BRAIN) — British apparel brand Rab, which entered the bike apparel market earlier this year, is introducing a new hangtag for its apparel and sleeping bags showing the product's recycled content, fluorocarbon status and production information.

SEATTLE (BRAIN) — Outdoor brand Outdoor Reseach plans to enter the mountain bike apparel market next spring with an eight-piece line called the Freewheel MTB Collection.

Ahead of that launch, OR is a "Principle-Level" sponsor of Crankworx Whistler 2023, the mountain bike festival opening Friday.

SACRAMENTO, Calif. (BRAIN) — A California lawmaker has introduced a bill that would make it illegal for kids under 12 to operate an e-bike. It also would require e-bike riders who don't have driver's licenses to take an online test and have state-issued identification.

Tagged Electric bike

BERLIN (BRAIN) — Former Accell Group CEO Anthonie "Ton" Anbeek will join the board of Signa Sports United next April.

The division includes the bike brands Bell, Giro and Fox Racing. Vista confirms plans for split later this year
Eric Nyman

ANOKA, Minn. (BRAIN) — Vista Outdoor has appointed former Hasbro COO Eric Nyman as CEO of its Outdoor Products segment, a business unit that includes the cycling brands Bell, Giro, Fox Racing and QuietKat, as well as CamelBak.

STOCKHOLM (BRAIN) — Helmet technology company MIPS was fined SEK 1.7 million ($163,660) after CEO Max Strandwitz disclosed insider information regarding the bike market during an interview in a financial publication.

STOCKHOLM (BRAIN) — Continuing decreased bike helmet demand contributed to MIPS' net sales declining 51% year-over-year in the second quarter.

Tagged Earnings/Financial Reports
Drawing from U.S. Patent 9739331

DENVER (BRAIN) — A U.S. District Court denied Fox Factory a preliminary injunction that would have forced SRAM to immediately take some RockShox forks off the market. Fox sued SRAM last July, claiming that the air bleed valves on some RockShox forks infringe on its patents.

Tagged Lawsuits/legal

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products has been named the new exclusive distributor of Sidi cycling shoes and accessories starting in October.

Tagged Distributor news


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