News

NEW YORK (BRAIN) — This week has been action packed in the indoor cycling world, after Echelon stirred things up by announcing a "Peloton Killer" smart bike, called the Prime Bike, that it said it had developed with Amazon and would retail for $500 on that site. That would undercut Peloton's hot-selling bikes that start at more than twice that price.

SAN FRANCISCO (BRAIN) — Strava has announced that its Strava Metro data, which compiles anonymous ride data from Strava users for transportation planners, is now free of charge for urban planners, city governments and safe infrastructure advocates.

DENVER (BRAIN) — Compass Diversified announced Tuesday that it will acquire BOA Technology Inc., creators of the BOA Fit System for shoes and other products.

KNOXVILLE, Tenn. (BRAIN) — After a long dormancy, LeMond Bicycles is back, releasing two new bikes Tuesday.

BOULDER, Colo. (BRAIN) — Full Cycle is the latest retailer to announce a move off of Boulder's Pearl Street, weeks after Vecchio's Bicicletteria announced a move.

NEWARK, Del. (BRAIN) — Robert W. Gore, whose work with developing performance fabric advancements led to the creation of GORE-TEX Outerwear, died Sept. 17 at home after a long illness.
He was 83.

OLD FORT, N.C. (BRAIN) — If the town needed another sign that the Old Fort Ride House was quickly taking shape, it got one — literally — in late July when a wooden Pisgah National Forest sign arrived on loan from the Forest Service during an employee training day.
GIRONA, Spain (BRAIN) —The Sea Otter Europe cycling festival has been canceled, but organizers said that some of the event's races will be held under stringent COVID-19 measures. The event was to have been held Sept. 25-27.

IRVINE, Calif. (BRAIN) — Jeff McGuane’s credentials fit Fox Racing like a pair of its gloves. From president of Cycling Sports Group to U.S. general manager at Specialized Bicycles, McGuane’s 26-year industry career seems perfectly tailored for someone wanting to restyle the iconic apparel brand upon his arrival as CEO last year.

LONG BEACH, Calif. (BRAIN) — Zwift has raised a $450 million minority investment from a group led by the investment firm KKR, bringing the virtual cycling brand to a valuation of over $1 billion.

AMSTERDAM (BRAIN) — E-bike manufacturer VanMoof announced Wednesday it raised $40 million from Norwest Venture Partners, Felix Capital and Balderton Capital as it continues to expand its market share in North America, Europe, and Japan.

BOULDER, Colo. (BRAIN) — Vecchio's Bicicletteria, known globally as a picturesque retro-styled roadie hangout, is getting ready to move from the location on Boulder’s Pearl Street it has occupied since its founding in 2000.