News
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…
COVID Sales Boost Hits Second Wave
Sydney NSW Australia’s COVID-induced surge in bike industry sales is entering a second wave, with many cycling newcomers ready to step up their equipment, according to industry veteran Robert Thomson from Sydney store Bicycles Plus. Robert said he was starting to see a surge of buyers keen to upgrade to bikes more fitting to their…
Western Congestion Slowing Global Shipping
Hamburg, Germany Port congestion in Europe and the US is continuing to impede the recovery of global shipping supplies, at a time when turnaround times for containers in China have reached an all-time low, according to a report by the world’s leading logistics technology company. As the rush to get exports to buyers escalated last…
Rapid Growth Looming for Electric Bike Company
Perth, WA Major expansion is on the horizon for WA e-bike specialist The Electric Bike Company, which opened its second store just before Christmas and is now evaluating opportunities for further sites in the very near future. Just weeks after the launch of its Joondalup store, 30 minutes north of the Perth CBD, The Electric…
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…
We’re Launching an Exciting New Major Event
Randwick, NSW I’m very pleased to announce a major new annual event that we’ll be running for the first time next year. We’ve signed a two year agreement with Interpoint Events, a leading Sydney-based events company to collaborate on running the Micromobility Conference and Expo. Interpoint Events is one of Australia’s leading event organisers and…
Exclusive Interview: 99 Bikes’ Departing Founder Reflects upon Lessons, Wins and Massive Future Expansion
Brisbane, Queensland When Matt Turner founded 99 Bikes in 2007, he had no prior bike industry experience, apart from being a keen triathlete being a dissatisfied customer of his local bike stores. Little did those stores who gave him bad service at the time realise, they’d be sowing the seed for what is already by…
Productivity Commission Calls for Consideration of Higher e-Bike Speeds
Sydney, NSW A NSW Productivity Commission report has advocated a review of e-bike speeds, current power limits for cargo bikes and the State’s ban on electric scooters, saying relaxing these regulations could bring substantial benefits. The Regulating Emerging Technologies report, released in November, focuses on personal mobility devices, e-bikes and drones, and says they “have the…