News

Posted January 27, 2023

TAIPEI, Taiwan (BRAIN) — Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.

Posted January 27, 2023

SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.

Posted January 27, 2023

SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.

Posted January 26, 2023
Photo courtesy of MADE.

PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.

Posted January 26, 2023

NEW YORK (BRAIN) — A New York City council member introduced legislation a week ago to ban e-bikes and e-scooters until they can be made safer and called for them to be treated like motor vehicles.

Posted January 25, 2023
Bonnie Tu, the chairperson of Giant Group, and Eric Min, the founder and CEO of Zwift, are among the keynote speakers, along with REI's CEO Eric Artz and Cotopaxi CEO Davis Smith.
Bonnie Tu

BOULDER, Colo. (BRAIN) — PeopleForBikes has announced speakers for its Bicycle Leadership Conference, to be held March 14-16 in Dana Point, California.

Posted January 25, 2023
Jeff McGuane from Fox Racing will become president of the unit.

ANOKA, Minn. (BRAIN) — Vista Outdoor announced internally on Tuesday that it has realigned management of its cycling, snow and powersports brands that make up its Action Sports business unit.

Posted January 25, 2023

AMSTERDAM (BRAIN) — E-bike brand VanMoof asked for and will receive a capital investment from its shareholders after it predicted its survival would be in jeopardy in the first quarter of 2023, the Dutch newspaper

Posted January 25, 2023

SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.

Posted January 20, 2023

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has made its second round of layoffs in the past three months on Thursday, the result of continued economic headwinds facing the cycling industry.

Posted January 20, 2023
Tony Hawk Multi-Purpose Helmet.

WASHINGTON (BRAIN) — Sakar International has recalled three multi-use helmet models because they do not comply with Consumer Product Safety Commission positional stability and retention system requirements.

Posted January 18, 2023

NEUSS, Germany (BRAIN) — This week an executive at the company that previously owned Amprio, Rheinmetall AG, said Amprio has been sold. But he declined to say who bought it.

Posted January 18, 2023

PHILADELPHIA (BRAIN) — State Farm Insurance Company has filed an amended complaint against Rad Power Bikes, adding a Taiwanese bike manufacturer and a battery pack manufacturer as defendants, in its lawsuit on behalf of a homeowner who suffered property damage from a fire.

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