Industry News
A Q&A with Claudia Wasko, head of Bosch eBike Systems in North America.
VERONA, Italy (BRAIN) — An Italian investment group, UTurn Investments, has made an investment in component and bike brand 3T. René Wiertz and Gérard Vroomen will remain shareholders and managers.
The company said it has sales of 20 million euros ($21.2 million) per year and an EBITA of 5 million euros.
BREMBRATE, Italy (BRAIN) — A private equity investment company announced it will acquire a majority stake in Vittoria. The transaction is expected to close early next year.
SEATTLE (BRAIN) — Rad Power Bikes had another round of layoffs following two previous cuts this year. The direct-to-consumer brand did not say how many employees were let go.
KORBACH, Germany (BRAIN) — Continental Tires teamed with a digital tracking platform to develop a technology to verify the origin of responsibly sourced natural rubber at every stage of the supply chain leading to the customer.
SALT LAKE CITY, Utah (BRAIN) — Vitus, the bike brand owned by Signa Sports United, is now available directly to U.S. consumers via a dedicated website and a Utah distribution center.
MURRIETA, Calif. (BRAIN) — Pierer E-Bikes North America is tweaking its name and announced it is now importing a third e-bike brand — GASGAS — to the U.S. market.
The new name for the North American operations of Austria's Pierer Mobility AG is: PIERER New Mobility North America Inc.
SAN FRANCISCO (BRAIN) — Cycling app maker Strava has let go of about 15% of its staff, multiple current and former employees have confirmed to BRAIN. The company has not made a public report or responded to BRAIN requests for comment.
SAN FRANCISCO (BRAIN) — Zwift founder Eric Min announced Friday that he will become co-CEO, sharing duties with former Amazon executive Kurt Beidler. Min, who has been CEO since Zwift's founding in 2014, said Beidler's hire came after "a long search." Min will also remain chairman of Zwift's board of directors.
WILMINGTON, Del. (BRAIN) — Wahoo Fitness has dropped a patent infringement lawsuit it had filed in October against Australian trainer brand JetBlack, but Wahoo continues to sue Zwift over the same issue.
SAN VENDEMIANO, Italy (BRAIN) — Cytech, which dominates the OE cycling padding market with its Elastic Interface brand, has acquired Pasasport S.r.l., an OE glove maker.
ASHEVILLE, N.C. (BRAIN) — A judge has rejected Kitzuma Cycling Logistics' motion to dismiss a lawsuit filed by TriBike Transport LLC, which alleges misuse of proprietary and confidential information.
BOULDER, Colo. (BRAIN) — A look at next year's industry events and a few key consumer events.
ANTWERP, Belgium (BRAIN) — Classified Cycling has raised 22 million euros ($22.9 million) from an investment led by London-based Active Partners. Active Partners is a past investor in Rapha and retailer Evans Cycles.
SALT LAKE CITY (BRAIN) — Nukeproof mountain bikes, components and accessories are available directly in the U.S. market again via a dedicated U.S. website and warehouse and a growing list of brick-and-mortar dealers.
PORTLAND, Ore. (BRAIN) — Chris King Precision Components said there is a fraudulent website advertising "deep discounts" on its products.
The company said the only URL Chris King sells through is chrisking.com and noted users will not be redirected to any other sites to transact purchases.
MONTEREY, Calif. (BRAIN) — Sea Otter Classic exhibitor space is 90% sold out with nearly 1,000 brands set to display at the 33rd annual event.
BOULDER, Colo. (BRAIN) — A defendant in the investigation into a series of shop burglaries accepted a plea agreement, according to the Colorado Attorney General's Office.
BROOKLYN, N.Y. (BRAIN) — Vela Bikes, an e-bike brand launched in Brazil 12 years ago, plans to move all its operations and manufacturing to the U.S. by early next year. The company is moving its headquarters to Detroit and will partner with Detroit Bikes to manufacture its bikes in the city.
GUNNISON, Colo. (BRAIN) — The International Mountain Bicycling Association has produced a one-page buyer's guide to help mountain bikers understand e-bike technology, regulations, and other issues before they buy an e-bike.
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