Electric bike

Posted December 17, 2021

IRVINE, Calif. (BRAIN) — A global consumer brand investment firm announced an investment in Pedego Electric Bikes. Verlinvest's undisclosed amount will be used to increase the number of Pedego stores and inventory, and support innovation.

Posted November 29, 2021

NEW YORK (BRAIN) — Juliet Scott-Croxford recently was hired by London-based Brompton folding bikes to be president of North America amid the company's 50% U.S. growth in unit sales in the past year during the bike boom and 76% over 2019. Scott-Croxford, formerly the CEO of Worth magazine, took time in October to answer questions from BRAIN about her plans for Brompton's expanding U.S. market.

Posted November 24, 2021
The Sea Otter e-bikes for veterans program provides transportation and self-sufficiency for those in need.
The Sea Otter Classic Foundation is growing its e-bikes for veterans program.

MONTEREY, Calif. (BRAIN) — E-bikes and the Sea Otter Classic have had a long relationship dating back to the first e-MTB race held here in 2016. Five years later, while e-bike racing continues to grow, the event is also featuring e-bikes for a greater good.

Posted November 23, 2021

WELS, Austria (BRAIN) — Rossignol Groupe has sold Felt Bicycles to the Pierer Mobility, best known as the parent company of the KTM motorcycle brand, Pierer announced Tuesday.

Posted November 22, 2021

TUCSON, Arizona (BRAIN) — As PeopleForBikes' Electric Bicycle Summit—a one-day affair—got underway late last week, a key takeaway was this: The industry is struggling to understand the impact of a fast-growing e-bike boom.

Posted November 19, 2021

WASHINGTON (BRAIN) — The House of Representatives on Friday morning approved the Build Back Better Act that provides billions of dollars in funding for an e-bike tax credit, bike commuter benefit, and climate and equity-enhancing infrastructure as part of the $1.75 trillion social spending bill.

Posted November 19, 2021

SVETA NEDELJA, Croatia (BRAIN) — Porsche will acquire a majority interest in the Greyp e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, has held about a 10% stake in Greyp since 2018.

Posted November 12, 2021
Yamaha CrossConnect.

IWATA, Japan (BRAIN) — Yamaha Motor Co. and Hero Motors Limited will invest €2.5 million ($2.9 million) on a joint venture company to manufacture hub-mounted drive units for e-bikes. The partnership will officially take place at the end of the month, with Hero holding a 90% stake.

Posted November 9, 2021
Shop safety and education are key for success.

BOULDER, Colo. (BRAIN) — Now that PeopleForBikes and Call2Recycle have established the industry's first e-bike battery recycling program for U.S. retailers, proper training and equipment will be mandatory to ensure safe storage of expired packs returned to shops, according to a micromobility consulting group.

Posted October 31, 2021
Vene Stria e-bike.

MIAMI BEACH, Fla. (BRAIN) — Operating on the belief that successful retailers combine brick-and-mortar storefronts with e-commerce, micromobility company Vene Rides has started a $1.07 million crowdfunding campaign through Republic to grow its two existing stores to 100 by 2024.

Posted October 29, 2021
The Vvolt Proxima.

PORTLAND, Ore. (BRAIN) — VVolt, a new e-bike brand that launched earlier this year has added outdoor retailer Moosejaw as a multichannel partner.

Posted October 28, 2021

WASHINGTON (BRAIN) — President Joe Biden released a revamped climate-change plan Thursday as part of his Build Back Better Act that includes restoring the originally proposed e-bike tax credit percentage while keeping the bicycle commuter benefit unchanged.

Posted October 28, 2021
Company plans investments in U.S. and European manufacturing.

SEATTLE (BRAIN) — Existing investors are pumping another $154 million into Rad Power Bikes, following a $150 million investment announced in February.

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