Industry News
MONTRÉAL (BRAIN) — Lightspeed POS Inc. has closed a $166 million Series D investment led by Caisse de dépôt et placement du Québec, with participation from Investissement Québec, iNovia Capital and a credit line from Silicon Valley Bank.
The investment brings the total amount invested to $292 million.
NEW YORK (BRAIN) — Hearst has agreed to acquire the magazine and book businesses of Rodale, the parent of Bicycling magazine and 92 other titles.
SAN FRANCISCO (BRAIN) — Ofo, a dockless bike share platform, has hired former Uber manager Chris Nakutis Taylor to run its U.S. business.
Ofo operates in 180 cities in 16 countries. It has launched in the U.S. in Seattle; Washington, D.C.; Worcester and Revere, Mass.; and Aurora, Colo.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike's Fall CycloFest trade and consumer festival is set to begin its second edition in Charlotte on Thursday with a new format aimed at making it easier for retailers to take part in education sessions and also demo bikes from nearly 20 brands.
ALISO VIEJO, Calif. (BRAIN) — Distributor Highway Two has promoted four people within the company and added a new hire.
BERKELEY, Calif. (BRAIN) — The National Interscholastic Cycling Association has reached a new agreement with Club Ride, the Idaho-based apparel brand.
CHICAGO (BRAIN) — Organizers of the 2018 CABDA Expo opened registration for dealers on Monday.
LAGUNA HILLS, Calif. (BRAIN) – Bicycle Retailer & Industry News and PeopleForBikes are collecting new listings and updates for the 2018 Industry Directory.
KONA, Hawaii (BRAIN) — Lava magazine editors and assistants once again counted bike brands used at the Ironman World Championships triathlon, held Saturday here.
BOULDER, Colo. (BRAIN) — The World Triathlon Corporation has sold VeloNews, along with Triathlete and other media titles, to Pocket Outdoor Media, a company founded by Felix Magowan, a previous owner of VeloNews. The sale was finalized late Thursday.
SALT LAKE CITY, Utah (BRAIN) — Carbon frame tubing supplier Rock West Composites has tripled its product offering of frame tubes and related parts, the company said.
COLORADO SPRINGS, Colo. (BRAIN) — Following the final event of the 2017 Haute Route Cycling Series around Mont Ventoux in France last weekend, Switzerland-based OC Sport announced its full calendar of 11 events for the 2018 season, including three new events in the U.S.
TAMPA, Fla. (BRAIN) —Atomik Carbon, a manufacturer of carbon wheels and components, has launched an experiential cycling events division and is kicking things off with a two-day bikepacking weekend in Florida.
PHILADELPHIA (BRAIN) — Fuji Bikes has become the exclusive bicycle sponsor for Steve Arpin and the Loenbro Motorsports Red Bull Global RallyCross team heading into the final race of the season in Los Angles and continuing into the 2018 season.
SAN LUIS OBISPO, Calif. (BRAIN) — Lezyne is entering the OE market with its LED lighting systems, offering the systems to e-bike makers.
FOOTHILL RANCH, Calif. (BRAIN) — Oakley, which unveiled its first cycling helmets this summer, announced this week that it has reached an agreement to become the "Official Helmet and Smart Eyewear" sponsor of the 2017 Ironman World Championships, which takes place this weekend in Hawaii.
BOULDER, Colo. (BRAIN) — Camber Outdoors has announced six Camber Exchange events this fall. Three of these events will be the first-ever Camber Exchanges in their regions.
TOPEKA, Kan. (BRAIN) — AAA Kansas, working with the Kansas Department of Wildlife, Parks & Tourism, as introduced a program to help prevent cyclists from getting stranded with a mechanical problem.
SAINT-AUGUSTIN-DE-DESMAURES, Quebec (BRAIN) — Garneau has reached a new 3-year partnership agreement with the Little Bellas organization, a mountain bike organization whose goal is to help young women realize their potential through cycling.
KETCHUM, Idaho (BRAIN) — CrankTank, an industry consulting group, has launched a new series of events for brands to engage with influencers, media and consumers. The series, called CrankTank Impact, is kicking off this week in Kona, Hawaii, where the Ironman World Championships is being held this weekend.
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