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LONDON (BRAIN) — E-mobility insurance company Laka has secured funding from Porsche Ventures, bringing its Series A investment to $13.5 million.
![Jessica Klodnicki. Jessica Klodnicki.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/_o8a1408.jpg?itok=JJD0GQ8C)
AMERICAN FORK, Utah (BRAIN) — Jessica Klodnicki is the new CEO of recovery product company KT Tape. She previously was chief marketing officer of Skullcandy.
![Bryan Mason. Bryan Mason.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/unnamed_133.jpg?itok=2CE4HpfR)
TEMPE, Ariz. (BRAIN) — Bryan Mason was promoted to Pivot Cycles president and will oversee "key departments and management team members" in addition to all of the company's Stuttgart, Germany, operations.
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CHICAGO (BRAIN) — One of the largest snack companies in the world announced an agreement to acquire Clif Bar & Company for $2.9 billion. The acquisition by Mondelēz International — which owns brands such as Oreo, Cadbury, and Trident gum — will expand its business to more than $1 billion.
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BOULDER, Colo. (BRAIN) — Provincetown, Massachusetts, tops PeopleForBikes' 2022 City Ratings for the best U.S. cities for biking. The year-long study was completed in conjunction with Trek Bicycle.
![Annie Kao. Annie Kao.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/copy_of_annie_kao_headshot.jpg?itok=T19nVTz1)
SEATTLE (BRAIN) — In the fast-moving world of e-bike brands, keeping track of who’s doing what — like Leon Cycle — is an ongoing challenge. Few dealers have heard of Leon Cycle, but it’s had a warehouse and a retail outlet in Seattle since 2019.
![Bimotal's e-bike conversion. Bimotal's e-bike conversion.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/p22_e-bike_conversion_bimotal.png?itok=V5C4Sv4B)
PORTLAND, Ore. (BRAIN) — Shop owner Brad Davis’s career as an e-bike entrepreneur offers a peek inside an often overlooked but increasingly profitable corner of the electric bike market: e-bike conversions.
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RANDOLPH, Mass. (BRAIN) — Delta Cycle, known for its extensive line of accessories including bike storage and phone mount accessories, is moving into a very different market: e-bikes.
The Massachusetts company expected to take delivery in May of its first shipment of two models of Delta bikes.
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FITCHBURG, Wis. (BRAIN) — Milwaukee’s Wheel & Sprocket will have two locations in the Madison area with the acquisition of Fitchburg Cycles from its long-time owner Edwin Benet.
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LINCOLN, Neb. (BRAIN) — Trek Bicycle has acquired The Bike Race, a two-store chain in Lincoln and Omaha.
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LÉVIS, Quebec (BRAIN) — HLC is making a CA$250,000 ($193,000) investment in its Wheel Shop, which the distributor said will help better supply North American dealers during a period of supply-chain challenges.
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MONTEREY, Calif. (BRAIN) — Blaupunkt, which launched its new line of e-bikes at the Sea Otter Classic, is a name known to fans of German-made cars, including Volkswagen and BMW.