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Weldtite partners with Team DSM (Formerly Sunweb) in 2021
Eighty year old British manufacturer Weldtite will be supplying all lubricants and bicycle maintenance products for Team DSM from the 2021 season. The team was until 2020 known as Team Sunweb and featured Australian sprinter Michael ‘Bling’ Matthews who is moving to Australia’s Mitchelton team in 2021. But there will still be a strong Australian…
Harley-Davidson Ebike Launch Generates Blaze of Publicity
Famous American motorcycle manufacturer Harley-Davidson has just launched its first production ebike and with it, a whole new brand and company division. Known as Serial 1 Cycle Co., the brand takes its name from “Serial Number One,” the nickname for Harley-Davidson’s first motorcycle. As you can see from the photos accompanying this article, the bike is aimed…
Latest USA Data Shows Dramatic Inventory Shortage
Global Bike Company Results Start to Reflect Covid Bike Boom
Trek Moving to Fully Recyclable Bike Packaging
Atherton Bikes Crowdfunding Campaign Quickly Oversubscribed
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…
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…
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…
Will This Brand Become the Tesla of Bicycles?
Dutch bicycle company VanMoof has just raised a further US$40 million (A$54.4 million) to bring its total capital raising so far to US$73 (A$100 million). In a world full of hundreds of bike brands, how has this relatively small and new player been able to raise, what is by bicycle industry standards, such a vast…