Electric bike
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.
THOUSAND OAKS, Calif. (BRAIN) — With bike demand high and more low-cost e-bikes entering the market, Mike Fritz said retailers need to be aware of increased risks of a battery fire.
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.
NEW YORK (BRAIN) — REI Co-op expands its Brompton Bicycle lineup at select stores today with the addition of an electric model.
FORT WAYNE, Ind. (BRAIN) — Recon Power Bikes started on the principle that to create the right e-bike for law enforcement, having the proper background is paramount.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19.
Bike-share programs are poised for a post-pandemic boom, but over-saturation remains a danger.
OLYMPIA, Wash. (BRAIN) — A Washington state Senate committee is holding a hearing Tuesday on a bill that would exempt e-bikes from the state's 6.5% sales tax.
The legislation is one of several e-bike subsidies being deliberated by state and federal lawmakers this year.
WILTON, Conn. (BRAIN) — Cannondale unveiled a series of billboards in high traffic locations in four cities to tout its newest e-bike line and the benefits of cycling from a green transportation and health and fitness perspective.
ŠUMPERK, Czech Republic (BRAIN) — The Hermann Hartje KG e-bike distributorship opened a new factory in the Czech Republic to expand its assembly and manufacturing capabilities.
PASADENA, Calif. (BRAIN) — A federal judge dismissed a case last week against the Los Angeles Department of Transportation about its collection of real-time data on micromobility users.