Jan-Willem van Schaik
Editor in Chief
Okawa Motor Technology invests in European head office
WUXI, China - "A successful €16 million funding round in combination with encouragingly positive feedback at Taipei Cycle Show and Shanghai Cycle Show confirms we are on track for further growth," say Okawa Motor Technology founder and CEO Luca Du. Recently the e-bike system supplier opened a European office in the Netherlands.
Neomouv takes over Portuguese production partner Unibike
LA FLECHE, France - To create more opportunities for growth and innovation in the booming e-bike market, the French e-bike brand Neomouv via its parent company VAxE, has taken over an 80% share of its Portuguese production partner Unibike.
Accell Group reorganises Board of Management with three new members
HEERENVEEN, the Netherlands - The Supervisory Board of Accell Group has announced the appointment of two new members to its Board of Management. Toine van Doremalen has been named Chief Financial Officer (CFO) and Jonas Nilsson will assume the role of Chief Operating Officer (COO).
CONEBI to co-chair EU Commission on industry strategy in Europe
BRUSSELS, Belgium - The acceleration of the Green and Digital transition and increasing the European industry resilience are leading objectives for the European Union. These goals set by the European Commission have a direct link to the supply chain disruptions seen during the pandemic and its consequences in the long-term development of the bicycle industry in Europe.
Shared cargo bike provider Cargoroo raises €1 million
AMSTERDAM, the Netherlands - The latest crowdfunding campaign will enable Cargoroo to increase the number of electric vehicles available on the platform in existing cities and further improve service. The minimum goal of €1 million needed for this expansion has been reached via One Planet Crowd.
Spain’s bicycle production rebounds after 2022 dip
MADRID, Spain – The added value of the output of Spain’s bicycle industry is catching up rapidly. According to the Ministry of Industry, Tourism and Commerce the value of bicycles manufactured in April in Spain rose by 37.8% year-on-year, reaching a total value of €23.3 million.
Latest market trends discussed at Eurobike investors lounge
REUTLINGEN, Germany - The successful premiere of the Eurobike Investors Lounge at last year's show will be continued. Hosted by Eurobike, the Investors Lounge will provide a program primarily aimed at private equity investors and family offices interested in investing in companies in the bicycle industry.
VDL Groep opens bicycle frame production in the Netherlands
EINDHOVEN, the Netherlands - The word has been spread around in the industry for some time that a new aluminium bicycle frame factory would open soon in Europe. Now, the family-owned industry company VDL Groep has officially announced the start of its fully automated production line in the Netherlands.
Baltik Vairas transforms to highly efficient assembly partner
SIAULIAI, Lithuania - Baltik Vairas had been the single outpost of the bicycle industry in Lithuania and the other Baltic States for many years. Thanks to the modernisation of the company in the past decade it has now made the country one of the potential hot spots for the e-bike industry.
Fitch revises Accell Group outlook from positive to negative
HOOFDDORP, the Netherlands - The ongoing supply chain challenges have impacted Accell Group's financial position to such an extent that the international credit rating agency Fitch has revised its outlook for the bicycle manufacturer from positive to negative.
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