Industry News
LONDON (BRAIN) — Four-time Tour de France winner Chris Froome has invested an undisclosed dollar amount in cycling tech company Hammerhead and will join its advisory board.
Froome's investment comes after Hammerhead recently became a partner of his new team, Israel Startup Nation.
WASHINGTON (BRAIN) — The U.S. Senate Committee on Environment and Public Works further discussed and amended a transportation bill Wednesday morning that would make it easier for local governments to build bike lanes, sidewalks, and trails.
BOULDER, Colo. (BRAIN) — The Pro's Closet announced Wednesday it raised an additional $40 million in Series B funding that will be used to grow its workforce, develop new technological customer solutions, and possibly expand into new regions.
COLORADO SPRINGS, Colo. (BRAIN) — USA Cycling will once again hold an in-person four-day Race Mechanics Clinic, this October in Colorado Springs.
The class is hosted by the Professional Bicycle Mechanic Association and is held at USA Cycling's headquarters.
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.
NEW YORK (BRAIN) — Peloton Interactive, Inc. has selected Troy Township in Wood County, Ohio, for its first U.S. factory. The factory will begin producing Peloton's Peloton Bike, Bike+ and Peloton Tread starting in 2023, the company said.
WASHINGTON (BRAIN) — Utah's Sen. Mike Lee has reintroduced legislation to allow bicycles on existing trails and roads in federal Wilderness areas.
WASHINGTON (BRAIN) — The Small Business Administration is offering a free regional webinar series to provide resources and knowledge to business owners continuing to recover from the financial hardships of the COVID-19 pandemic.
LOS ANGELES (BRAIN) — X Games medalist Ryan Guettler has withdrawn his suit against Hyper Bicycles, Walmart, Todson, and others over the use of his image in a photograph on the packaging of BMX accessories sold at Walmart stores.
WASHINGTON (BRAIN) — Bike commuting is the third most popular U.S. transportation mode, increasing 61% nationwide from 2000 to 2019, according to a new report published by the Bike Adviser.
SAN DIEGO (BRAIN) — Knolly Bikes Inc. has withdrawn its suit alleging that Intense Cycles was infringing on its patent on a full suspension design.
WASHINGTON (BRAIN) — Bicycle-related injuries requiring emergency-room treatment increased between 2009 and 2018, according to a Centers for Disease Control and Prevention study that also reported bicycle-related deaths went up primarily among adults.
PORTLAND, Ore. (BRAIN) — Friends and family of Stages Cycling executive Bernie Doering have launched a crowd-funding campaign to help with his recovery following an April 30 bike-car crash.
BOULDER, Colo. (BRAIN) — Outside — the parent company of BRAIN and dozens of other active lifestyle and outdoor sports media titles and brands — has relaunched its membership program under a new name: Outside+. The program includes a variety of new features and perks from our growing family of media brands, which include VeloNews, Peloton, Beta, Outside, Triathlete, and more.
PARK CITY, Utah (BRAIN) — The Big Gear Show, an invitation-only trade event for the outdoor and cycling industries, has released a sampling of the bike-related brands who will attend the show. They include Camelbak, Diamondback, Giro, Pinarello, POC Sports, Stan’s NoTubes, Tern Bicycles, Troy Lee Designs, Wahoo Fitness, Yakima, and Fat Chance.
LONDON (BRAIN) — Jeff Weiss, a veteran of Dorel Sports, Trek Bicycle and Saris Cycling, is joining India's Hero International as the CEO with responsibility for EU and UK sales.
MONTEREY, Calif. (BRAIN) — Frank Yohannan paused while at lunch to consider how the pandemic had upended his plans for Sea Otter when the nation locked down in March 2020 — only a month before the April 16 event.
POZZOLEONE, Italy (BRAIN) — Selle Royal S.p.A., — which produces and markets saddles and accessories under the Selle Royal, Fizik, Crank Brothers, Brooks and PedalEd brands — has received a major investment from the Wisequity V Fund. The fund has acquired a one-third share in the company.
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.
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