International
$18 Million Injection as Arcimoto Resumes Production
Oregon, US A US company at the forefront of light electric vehicle production, Arcimoto, has accrued a total of US$18 million (A$26.71 million) in funding during the past two months, and late last month resumed production for 2023. Arcimoto recorded a nett loss of approximately US$17 million (A$25.28 million) in the third quarter of 2022,…
Podbike Starts Deliveries to Customers
Stavanger, Norway Norway’s Podbike has finally started delivering its Frikar light electric vehicle to customers, eight years after cofounder Per Hassel Sørensen embarked on a journey to build a better bike. “After all the stops and starts, engineering challenges, a global pandemic, a shortage of computer chips, and a painful trimming of staff last year…
Protective Clothing Specialist Signs with BikeCorp
Cape Town, South Africa South African protective equipment brand Leatt has signed Bikecorp as its Australian distributor. Leatt was founded in 2005 by Dr Chris Leatt, when the company entered the MTB protection market with its revolutionary neck brace that went on to win several awards in the MTB and motocross sectors. Over the past…
ARC8 a Gentle Introduction for EightyOneSpices
Basel, Switzerland Swiss bike brand ARC8 has launched into the Australian market, after signing with Adelaide-based distributor EightyOneSpices. A small brand with a hefty pedigree, ARC8 was the perfect opportunity for EightyOneSpices to transition into complete bike brands, according to the distributor’s founder and director, Krischan Spranz. “We’ve been looking for a complete bike brand…
Top European Manufacturer Launches New E-Bike Subsidiary in Australia
Wels, Austria Europe’s leading manufacturer of powered two-wheelers, Pierer Mobility Group, has launched an Australian subsidiary of its “new mobility” division. Pierer New Mobility Australia has established a headquarters in Sydney and has launched the business this year with its brands Husqvarna E-Bicycles and Gas Gas, a Spanish motorcycle manufacturer that moved into e-bikes in…
Giant Jumps into Indoor Market with Stages Purchase
Portland, Oregon Giant Group has escalated its presence in the indoor cycling market by investing heavily in one of the leaders in the sector in North America, Stages Cycling Inc. Taiwan-based Giant announced a US$20 million (A$29 million) investment in Stages, including buying 32.5% of the company’s ordinary shares. A statement from Giant says the…
BikesOnline Bringing Thok to Australia
Alba, Italy A new player in the Italian e-bike sector, Thok, is collaborating with Sydney-based online retailer BikesOnline to make the brand available in this country. The e-bike specialist has experienced rapid sales growth since its debut in Europe five years ago, with aggressive designs inspired by motorsport. The company reported selling 60% more bikes…
Folding Bike Giant Seeks Supply Solutions to Global Challenges
Greenford, UK Mounting predictions of a possible invasion of Taiwan by China is one of several reasons folding bike pioneer Brompton is shifting parts of its supply chain away from those two countries, the company has revealed. Additional global challenges such as Brexit, transportation through the Suez Canal and the impacts of Covid have all…
Mate’s First SUV Wins Design Award
Copenhagen, Denmark In the wake of Mate.Bike Australia’s launch in June, the parent company in Denmark has struck gold with its first e-cargo bike. The Mate SUV last week won the Gold distinction award at the German Design Award, the premier award of the German Design Council. The SUV was nominated because of its features…
US Court Upholds Fraud Claims Against BikeExchange Subsidiary
North Carolina, US A US court has upheld claims of fraud, misappropriation of trade secrets and common-law unfair competition against BikeExchange’s bike delivery service, Kitzuma. The US General Court of Justice – Superior Court Division refused submissions by Kitzuma and two of its founders to have the claims dismissed. The hearing on 30th November was…