News
IRVINE, Calif. (BRAIN) — Super73, which sells high-powered, fat-tired throttle e-bikes online, has closed on a $20 million investment round from Volition Capital, a Boston equity firm. The funding comes two weeks after Rad Power Bikes announced a $150 million investment.
SEATTLE (BRAIN) — When the co-founder of the Seattle Pedaling Relief Project recently added up the weight of all the food and supplies the nonprofit initiative has delivered on behalf of food banks since last spring, he was stunned at the number: 88 tons. “I was blown away,” says Maxwell Burton.
OLATHE, Kan. (BRAIN) — Garmin Ltd.’s growth was partly led by gains in the fitness segment, which includes cycling products.
CHARLESTON, S.C. — Daniel Einhorn always knew there was a better way to do business in the bicycle industry. As a self-proclaimed outsider out of college, he owned a large retail bike store for the past decade and learned some harsh truths.
BURIEN, Wash. (BRAIN) — Lance Bohlen, one of the industry's most accomplished and knowledgeable veterans, died Tuesday after an almost eight-year battle with lung cancer.
STOCKHOLM (BRAIN) — POC, which announced two years ago that it was working with the Swedish solar startup Exeger, released the first result of that collaboration on Tuesday: A helmet with a taillight whose battery is charged by indoor or outdoor light.
NEWARK, Del. (BRAIN) — Gore Wear said it is taking a new approach to wholesale distribution in North America and will focus its product portfolio more on cycling apparel. Gore said it will focus on sales to a few key retailers and rely on Quality Bicycle Products for distribution to the IBD channel.
MONTREAL (BRAIN) — Dorel Industries Inc. has terminated a proposed transaction that would have taking the company off the stock exchange. The termination comes just a day before shareholders were set to vote on accepting the deal.
CHICAGO (VELONEWS) — During the first week of February, SRAM removed all PowerTap power meters for sale from its website without fanfare.
WASHINGTON (BRAIN) — A proposed e-bike tax credit is not the only industry-friendly legislation being considered by Congress this year. A revamped Bicycle Commuter Act would allow employers to reimburse bike commuters nearly $1,000 a year pre-tax.
DAYTONA BEACH, Fla. (BRAIN) — Huffy Corp. is sponsoring NASCAR driver Chase Briscoe during his rookie season that begins Sunday in the Daytona 500.
STOCKHOLM (BRAIN) — MIPS’ fourth-quarter net sales increased 60% year-over-year with demand for bicycle helmets continuing in lockstep with the demand for bikes during the COVID-19 pandemic.
STOCKHOLM (BRAIN) — Thule Group’s net sales for the fourth quarter increased 33% year-over-year, helping the sport and cargo carrier manufacturer see an 11% net sales gain for 2020.
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