News
Bianchi Creates Australian Distribution Business
Effective from 1st November 2020 a newly formed entity, Bianchi Australia Pty Ltd will be taking over distribution of Bianchi Bicycles from the previous distributor, SOLA Sport. They will be based in a new head office in Sydney, NSW. In a press release, Bianchi CEO Fabrizio Scalzotto stated “The creation of Bianchi Australia will enhance…
POC Launches Australian Subsidiary
On 8th October POC announced in a press release that they were creating a new Australian subsidiary to distribute all of their products. POC Sports Australia became operational from 12th October. POC will distribute via third party warehouse in Sydney and will have a dedicated B2B platform ready early next year. POC has been most…
Are Bike Shops Missing the Boat on Electric Scooters?
May bike shops refuse to sell electric scooters and not without valid reasons. In most Australian states they’re still illegal to ride, apart from on private land. But despite this, major retailers such as Harvey Norman and JB Hi-Fi (pictured) seem to have no such qualms. The day we visited this store in NSW a…
A Metre Finally Matters in Victoria Too!
After years of lagging behind the rest of Australia, on 7th October 2020 the Victorian government has finally announced that it pass safe passing distance laws. Ironically Victoria is the home state of the Amy Gillett Foundation, which has worked solidly for 10 years to get their ‘metre matters’ campaign enshrined in legislation across every…
BikeExchange Hires ex CarSales.com CFO
BikeExchange, has appointed the former CFO of ASX listed carsales.com, Andrew Demery, to the new role of Global CFO. Following a 12-month period of rapid growth, BikeExchange has welcomed Demery to their global leadership team to play a crucial role in the company’s further expansion. BikeExchange is now an international company with operations in eight…
Zwift, Now Valued at Over $1.37 Billion, Developing Its Own Trainer
Zwift, a 350-person, Long Beach, California-based online fitness platform that immerses cyclists and runners in 3D-generated worlds, just raised a hefty US$450 million (A$616 million) in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira, the Amazon Alexa Fund and Specialized Bicycle’s venture capital fund, Zone 5…
Magura Australia Launches Fully Factory Owned Subsidiary
Magura was established in Germany in 1893. They are a diversified global company, but within the bicycle industry are best known for their high end hydraulic brake systems. In Australia they were previously distributed and serviced by Eurocycles, but this company, owned by Rick Krassoi, has been steadily extracting itself from the bicycle industry over…
What Do Tesla’s Battery Day Announcements Mean for Ebikes?
After months of largely Coronavirus induced logistical delays, on Tuesday 21st September, Tesla finally presented their much hyped and anticipated ‘Battery Day’ as part of their annual shareholder meeting. You can watch the event here. But to summarise the long and detailed technical presentation into a single graphic, please refer to the summary slide from…
Cardboard Cut-out Pump Tracks!
A mountain biker based in Turin, Italy has invented a unique solution for quickly, cheaply and easily installing a pump track. Davide Reina’s goal was to come up with a modular system that was easy for home installation for those with gardens generous enough to accommodate such things, but it could likewise have larger implications…
Online Brand Canyon’s Sales Top $650 Million – With Huge Buyout Rumoured
German based global manufacturer Canyon saw its global sales grow by 30% to 400 million Euros (A$656 million) for its most recent financial year. Canyon, which only sells online, has had a Melbourne based Australian office for several years. Canyon ships customer orders to Australia individually via air freight and does not hold stock in…