News
$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…
Scott Sports Buys Bicycle Superstore to Preserve Partnerships
Melbourne, Victoria Australasia’s largest bicycle company, Sheppard Cycles, is purchasing Victorian retailer Bicycle Superstore Group, to help secure Sheppard’s position in the market. “An opportunity arose to retain the Bicycle Superstore Group within our business while we find the right independent retailer to take the reins – one that we can partner with for the…
Bicycle Imports in Freefall but Unit Value Soars
Canberra, ACT Bicycle import numbers in Australia were on an earthbound trajectory when The Latz Report last reported on the data late last year. My article on the data to the end of September 2022 reported: “It appears that after two years of stratospheric bicycle imports, numbers are starting to fall back to earth.” One…
Tern Announces New Australian Distribution Partner
Melbourne, Victoria Urban e-bike specialist Tern and Melbourne-based company LEVA Group, headed by Lug+Carrie owners Ben and Dan Carr, have announced a new partnership for the distribution of Tern bicycles to independent bicycle dealers across Australia. LEVA Group will have Tern bicycles and accessories available from 1st March 2023, and will take over all service…
YearBook Listings Now Open For Updates
Wollongong, NSW Updates are now open for the 2023 Latz Report YearBook and it’s more convenient than even for businesses to ensure their details are up to the moment. We’ve been busy making our own updates – to the online registration process – so bike industry wholesalers and other relevant business can quickly review and…
MTB Pioneer Selling Melbourne Store
Melbourne, Victoria Mountain bike pioneer Simon Jamison has enjoyed the spoils of taking an unorthodox path – in sport and in business – and now he’s put his Melbourne store on the market. He opened one of Australia’s first – if not the first – dedicated mountain bike stores in the late 1980s and, more…
Revolve Recycling Aims to Fill Important Gaps in the Bicycle Industry
Sydney, NSW Revolve ReCYCLING officially launched its expanded facilities in Sydney last week, within the Bingo waste management depot at Alexandria in the city’s inner south. Speaking at the launch on Tuesday 14th February, general manager Guido Verbist gave an overview of Revolve’s operations and reason for being, using 10 numbers in ascending order. “Six…
Alarming Popularity for Little Scout
Melbourne, Victoria Global markets might be tightening for many cycling products but one award-winning accessory by Melbourne company Knog is enjoying alarming popularity. The cycling accessories brand recently claimed the new Urban category at the 2023 Design and Innovations Awards in Europe, with its Scout security device launched last year. The success is the latest…
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…