World
Sinyard Names CEO Successor to Bring ‘Specialized Forever’
Morgan Hill, California, US Specialized founder Mike Sinyard is stepping aside as CEO, 48 years after starting the company. Mike announced this month he has appointed former Dyson executive Scott Maguire to replace him as CEO. Mike, now aged 72, will continue as Specialized’s chairman and will focus his energies as the company’s chief rider…
National e-Bike Battery Recycling Program in US
Atlanta, Georgia, US An industry-wide e-bike battery recycling program was officially launched in the US at the start of this month, with more than 800 retailers trained and equipped to handle expired or damaged packs returned to shops. The program is being administered by Call2Recycle, a not-for-profit consumer battery recycling and stewardship program created from…
Yamaha Unveils Electric Vehicles For Europe
The Netherlands Yamaha’s long-running association with electric-powered vehicles is entering a new chapter, with the Japanese company announcing it will launch three new e-bikes in Europe during 2022. Unveiling Yamaha’s Switched On two-wheel electric vehicles program, Yamaha Motor Europe announced all-mountain, gravel and urban e-bikes that would be released in cities throughout Europe in the…
Hybrid Series Ruling Clears Path For Greater Innovation
Brussels, Belgium A European Commission ruling classifying Series Hybrid e-bikes as bicycles has opened the door for further technological development, according to a peak European body for electric vehicles. The Light Electric Vehicle Association of Europe (LEVA-EU) has been campaigning the commission for nearly five years to have series hybrids (e-bikes without a physical chain)…
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…
Taipei Cycle Combines Physical and Virtual Expos For First Time
Taipei, Taiwan One of the world’s biggest B2B cycling gatherings, Taipei Cycle, is preparing to go ‘hybrid’ in March, combining physical and virtual exhibitions for the first time. The annual expo has been held exclusively as an online event for the past two years after the COVID pandemic caused the cancellation of the 2020 and…
Porsche Acquires Share of Fazua to Further Build e-Bike Involvement
Ottobrunn, Germany Porsche has further expanded its involvement in the rapidly growing e-bike market by acquiring a stake in drive systems manufacturer Fazua. Porsche is acquiring 20% of the shares in its fellow German company, with an option to purchase further shares which would allow Porsche to take over Fazua completely. Fazua, based in Ottobrunn…
$5.2 Million Financing Round for Repairable Battery Maker
Bordeaux, France A French company producing e-bike batteries that can be repaired in less than 10 minutes has raised €3.3 million (A$5.2 million) in a new financing round. The company, Gouach, plans to use the funds to boost its team of 15 people and market its eco-friendly battery to fleet operators and manufacturers in the…
Gogoro Joins Partnership for Indonesian Renewable Energy Ecosystem
Indonesia Taiwanese battery manufacturer Gogoro, a global leader in swappable battery platforms, has signed with the Indonesia Government and another Taiwanese company, Hon Hai Technology Group, to develop an “energy ecosystem” focusing on electric batteries, electric mobility, and associated industries. The venture – involving Gogoro, Hon Hai Technology Group, Indonesia Battery Corporation IBC and Indika…
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…