WEST HOLLYWOOD, Calif. (BRAIN) — Wheels, a startup electric bike share company, has raised $50 millionin an investment round led by DBL Partners. DBL's founder, Ira Ehrenpreis, was an early investor in Tesla and is on the electric car company's board.
Industry News
TAICHUNG, Taiwan (BRAIN) — Sram has expanded its Asia headquarters in the past 29 years, adding 17 buildings and stretching out to 452,000 square feet. Its latest addition is a small classroom but said it believes the space is every bit as far-reaching as the previous expansions.
TAICHUNG, Taiwan (BRAIN) — TAITRA officials said Monday during an introductory press conference before its annual bike factory tour week that Taiwan's e-bike exports grew by 131% by volume in the first three quarters of this year compared to the same time last year.
TAICHUNG, Taiwan (BRAIN) — Steve Fenton always has said Taichung Bike Week is a three-day show for the industry by the industry. After concluding its 15th annual event on Friday, Fenton said Bike Week delivered again.
POC will phase out its SPIN feature and replace it with MIPS technology.
PARK CITY, Utah (BRAIN) — Sweden-born safety brands POC and MIPS have agreed to a new collaboration that the companies say will lead to new technologies.
The staff, including director TJ Juskiewicz, disagreed with the newspaper's stance on fundraiser Carson King, who made racially insensitive comments when he was 16. The staff said it will launch its own event next year.
DES MOINES, Iowa (BRAIN) — The staff that produces The Register's Annual Great Bike Ride Across Iowa has resigned over a decision by the event's owner — Gannet-owned daily Des Moines Register — to prevent event staff from speaking their minds about the paper's handling of a story.
BOULDER, Colo. (BRAIN) — For years, Buy Local Now has allowed brands to push consumers from their brand website to bike shops. Now SmartEtailing is taking it another step: The new BuyLocalNow.com site lets consumers browse products that are available from nearby shops.
LOS GATOS, Calif. (BRAIN) — Beeline Bikes, which provides software that helps bike retailers schedule service work and fulfill online bike sales, has been acquired by an investment group that includes technology and bike industry veterans.
DENDERMONDE, Belgium (BRAIN) — Cycling legend Eddy Merckx was admitted to the emergency room at a Belgian hospital Sunday following a heavy crash while riding his bike, the Belgian daily Het Nieuwsblad reported.
BOULDER, Colo. (BRAIN) — The Boulder Valley Velodrome, built by a partnership that includes Boulder retailer Doug Emerson, is likely to close by the end of the year.
By Michael Gamstetter
ADELAIDE, Australia (BRAIN) — Rarely does a company take to social media to claim another supplier violated its intellectual property rights. But that's been the approach of Zidaz Izaz, owner of the handlebar brand Eyropro.
MOAB, Utah (BRAIN) — With a cheeky event title that played off Interbike's indoor setting, Outerbike has now lasted a decade — and officially into the post-Interbike era.
Hubs and cassettes were on the original list, but testimony from industry apparently led to their removal.
BLOOMINGTON, Minn. (BRAIN) — The industry escaped another potential tariff threat — this time on European hubs and cassettes — likely thanks to testimony in Washington from Matt Moore, QBP's counsel and chair of the legal and legislative committee for the Bicycle Product Suppliers Association.
MARINA, Calif. (BRAIN) — When Light & Motion saw rising tariffs on the horizon in the U.S.-China trade war, it was as clear as day what had to be done.
PHILADELPHIA (BRAIN) — Tiger Group, a liquidator that bought the wholesale operations of ASE out of bankruptcy last year, has sold the operations, now called BikeCo, to Advanced Holdings Co. LTD.
MONTRÉAL (BRAIN) — Dorel Industries Inc., parent of Schwinn, Cannondale and other brands, has suspended its dividend and says its third quarter results will be harmed by increased U.S. tariffs on Chinese bikes, furniture and other goods Dorel sells.
SAN FRANCISCO (BRAIN) — The city transit agency is giving Bay Area Motivate until mid-October to have e-bike service restored after battery fires forced the Lyft bike-sharing fleet off the streets.
WASHINGTON (BRAIN) — More than a week after the Trump administration announced tariff exclusions, the industry is still unclear — or even "doubtful" — if e-bikes earned it. Meanwhile, exclusion requests pour in as importers and trade organizations hope to duplicate the success of singlespeed importer State Bicycle.
BOULDER, Colo. (BRAIN) — Nate Pearson, the CEO of the fast-growing indoor training platform TrainerRoad, joins host Kristin Carpenter on this week's Channel Mastery podcast, produced in partnership with BRAIN.
BOULDER, Colo. (BRAIN) — Following recent BRAIN magazine product features on apparel, indoor training, and youth bikes, our next print edition will include a package of stories about the growing market for cargo bikes — both electric and acoustic.
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