United States
Arcimoto’s Mean, Lean High-Performance Trike
Oregon, US US light electric vehicle manufacturer Arcimoto has unveiled a unique high-performance e-trike using its patented tilt technology. The Mean Lean Machine (MLM) features hub motors on all three corners and a pedal generator, eliminating the need for a chain, belt or any grease. Arcimoto spokesperson and three-wheel tiling technology pioneer Bob Mighell said…
Wall Street Investor Pays a Record $2.5 Billion Cash for a Bicycle Company!
New York, US One of Europe’s largest bike conglomerates, Accell Group, is set to be purchased by New York-based investment firm KKR, in a €1.56 billion (A$2.527 billion) buyout that represents a 21% premium on Accell’s all-time highest stock market valuation. The companies late last month reached a conditional agreement on an all-cash public offer…
Reflecting Upon the End of Two Intertwined 50 Year Eras
Boulder, Colorado When I recently read a press release that VeloNews was ‘merging’ with its sister magazine, Peloton, and would no longer exist in print format, I was startled by the strength of my emotional reaction. I have neither read, at least in print format, nor written for VeloNews magazine for many years. So why…
Industry Demands Crackdown on “Bikes Built to Fail”
Denver, US An alliance of US bike stores, mechanics and cycling advocates has launched a campaign to end the manufacture of what they call “built-to-fail bicycles”. The campaign, spearheaded by the program director of Denver-based cycling advocacy group Bikes Together, includes an online petition calling upon cycling industry manufacturers to “stop producing and selling bikes…
BikeExchange Purchase Set to Deliver Massive Growth for Kitzuma
North Carolina, US BikeExchange Limited’s recent purchase of US-based ready-to-ride bike delivery and logistics business Kitzuma is set to bring fast and substantial growth for both organisations, according to executives from the two parties. Melbourne-headquartered BikeExchange is listed on the Australian Stock Exchange under the code BEX. The US$3.375 million ($A4.75 million) purchase, announced on December…
Trek Adds More Stores in US and Australia
Waterloo, Wisconsin, USA Trek Bicycle’s buying spree of bike stores in the US has continued with the recent purchase of 13 outlets in Baltimore and Washington DC. The founder of the Spokes Etc chain of stores in Washington DC, Jim Strang, last week confirmed the sale of his business and its six locations. The sale…
Felt Bicycles Sold
Rancho Santa Margarita, California, USA Felt Bicycles has celebrated its recent acquisition by Austrian company Pierer Mobility as the “most significant milestone” in the 30-year history of the Californian bike manufacturer. “We join forces with a new partner that, like us, has long championed cutting-edge innovation, obsessed over the world’s finest product design and is,…
CEO Reveals SRAM’s Pandemic World
Chicago, Illinois, US Demand has skyrocketed for SRAM products during the COVID pandemic, with increases of 100% or more for some lines, the company’s CEO, Ken Lousberg, has revealed in a recent CyclingTips Nerd Alert podcast. Ken disclosed that SRAM’s production capacity has also escalated sharply, more than doubling for a number of its products.…
Trainer Duo Attracts Riders with Prospect of Team Berth
Madison, Wisconsin, US Bike trainer manufacturer Saris and virtual riding app developer Rouvy have launched a novel way to get riders on their stationary trainers, while uncovering some of the world’s best young talent. They have launched an online race series giving riders aged 18 to 23 the chance to earn a spot on the…