News
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.
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.
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.
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.
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.
OLNEY, Ill. (BRAIN) — Magura USA is offering free online tech training for dealer mechanics as well as OE brands and distributors. For shops, the training can lead to stores being labeled as Magura Service Centers, which are promoted on the brand’s dealer locator.
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.
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whether federal bicycle safety requirements – in particular a requirement that sidewalk bikes have coaster brakes — are outdated.
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.
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.
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.
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