NEW DELHI, India - The Indian bicycle industry's quest for a global bicycle show may soon be realized as a new show has emerged on the horizon with all the signs of making it big in the future. The country's existing show, CFOSE which has been established over 14 editions appears to be making way for a new 'government-backed' event on India's bicycle event calendar.

PARIS, France - "The recall of the first-generation Angell e-bikes issued last year brought our adventure to an end despite all our efforts and the incredible work of all the employees, whom I am thinking of tonight." With these words, Marc Simoncini, founder of the French e-bike startup Angell, announced the end of a venture that had once aimed to change urban mobility.

ERKRATH, Germany - A long time coming, but Giant Deutschland GmbH has officially confirmed the appointment of a new managing mirector. As early as December 1, Alexander Gebert was appointed as the successor to Oliver Hensche, who will be available to the Giant Group in an advisory capacity until further notice. He had managed the company for 15 years.

REUTLINGEN, Germany - The 2024 business development of Robert Bosch GmbH was adversely affected by the fact that growth markets such as electromobility developed much more slowly than expected. While the company serves a wide range of industries, it regards their technologies for mobility, which includes e-bikes and homes of the future as key growth areas. Claus Fleischer, CEO Bosch eBike Systems highlights specific details on the e-bike market.

HEERENVEEN, the Netherlands - Accell Group has completed its recapitalisation process after it secured sufficient support from its key stakeholders last November. The sanction hearing in the English court on 23 January 2025, at which the court sanctioned the recapitalisation following the agreement that Accell reached with the majority of its financial stakeholders in October 2024, was the final step before yesterday's finalisation.

OSAKA, Japan - The 2024 financial report of Shimano Inc. indicates a rebound in sales in the second half of last year. However, in more detail the results look less promising for the international bicycle industry. The revenue in Europe and Taiwan was still down by double digits and the main growth market was China where revenue increased by almost 60%. In the long-term Shimano remains positive on bicycle sales, but the bicycle component manufacturer also points to the potential impact of geopolitical developments.

MATTIGHOFEN, Austria - The financial struggle at the motorcycle division of Pierer Mobility AG could not take place without having an impact on the e-bike department. The company has now announced that its regional activities in South Africa, Germany and the UK will gradually be wound down in a controlled manner.

DRESDEN, Germany - The Management Board of online bicycle retailer Bike24 Holding AG has adjusted its revenue forecast for the 2024 financial year downwards. At the same time, the company confirms its previous forecast for the adjusted EBITDA margin "based on the indicative results for the fourth quarter of 2024".

TAICHUNG, Taiwan - In an attempt to improve the financial situation, bicycle manufacturers massively tried to lower their inventory levels even when it came with huge discounting. Giant Group managed to mitigate its decline in turnover to 7.4% as the company's 2024 monthly revenue report shows. This is compared with a decrease of 16.4% in 2023.

PARIS, France - As reported by several Swiss media, Paris-based arbitration tribunal of the International Chamber of Commerce (ICC) handed down its verdict regarding Scott Sports SA (or Scott Sports Group) ownership. According to the ruling made on 6 February, Beat Zaugg, who is still co-owner of Swiss bike and winter sports supplier, is to cede his 47% stake in the company to majority owner Youngone Corporation.

NEUMARKT, Germany - Last December, Belgium-based European investment company Gimv NV acquired an undisclosed majority stake in German bicycle and outdoor lighting producer Lupine Lighting Systems GmbH.

ARHUS, Denmark - Promovec Group A/S, supplier of e-bikes and drive systems, has acquired the remaining 25% of battery manufacturer Viridus Manufacturing A/S. This acquisition marks the end of the joint venture partnership with Chinese company Greenway.

BENTONVILLE, USA - Open to companies based in North America, Europe, and Asia, an innovative program dedicated to promoting 10 tech startups focused on cycling has been initiated by the Arkansas Global Cycling Accelerator (AGCA). The accelerator will offer a 10-week hybrid program designed to support cycling-related tech innovation.

LILLE, France - Decathlon Pulse, the investment arm and start-up studio of retail giant Decathlon, and Rebike, well known in the DACH region (Germany, Austria and Switzerland) for the refurbishment and sale of second-hand e-bikes, have teamed-up through an investment to boost refurbished e-bike sales in Europe.

DHAKA, Bangladesh - Known as a manufacturer of textiles, garments, lingerie and chemicals, Panam Group diversified into the production of bicycles a year ago. The company is keen to expand into newer sectors and found bicycle production and its exports a potential area thanks to the favourable duty structure for Bangladesh-based bicycle exporters to the European Union (EU).

FRANKFURT, Germany - Eurobike organiser fairnamic GmbH has expanded its leadership team by appointing Adrien Sockeel, an experienced professional from the bicycle and e-mobility industry, as the new head of sales.

The 2025 Taipei Cycle Show will take place from March 26 to 29 at Halls 1 and 2 of the Taipei Nangang Exhibition Center. The event will bring together 980 companies from 35 countries across 3,600 booths, reinforcing its role as a hub for high-end bicycle supply chains, innovation, and sustainability.

TAIPEI, Taiwan - The number of new product introductions on tradeshows has always been a leading indicator of business performance. After some years of an extremely low level of new product introductions, the number of participants for the 2025 Taipei Cycle awards is growing again, marking an important development.

KORTRIJK, Belgium - The Velofollies is known as the trade and consumer show which kicks-off the season, often in a positive mood. Whether this is realistic at the moment is a big question, given the problems in the industry. The great enthusiasm of almost 40,000 visitors ensured that the exhibitors dared to be cautiously positive about the 2025 market again.

FRANKFURT, Germany - DJI was one of the biggest newcomers on the e-bike market last year creating a lot of rumor during the tradeshows. What makes the e-bike market so interesting for this leading manufacturer of drones which generates a multi-billion revenue? The introduction into the e-bike market was put in the hands of drone pilot and DJI Product Experience Director Ferdinand Wolf.

MASER, Italy - Sidi Sport S.r.l., was sold by founder Dino Signori to the Milan-based investment holding company, Italmobiliare S.p.A. in 2022. Soon after the takeover of the company specialising in the production of cycling and motorcycling footwear, Davide Rossetti was appointed CEO and that marked the start of a complete overhaul of the company. What is the current status of this iconic brand?

PODGRODZIE, Poland - Based in the southeast of Poland, Romet has been in the bicycle industry for more than 75 years. Operating in a total of three factories spread out over the country, Romet holds a strong position in its home market, but is also one of the well-known players in the European OEM market. Romet president Wieslaw Grzyb is now preparing the company to take the next step on the export market, both for OEMs as well as the brand Romet.

KOPRIVNICE, Czech Republic - The long-time experience in the production of city bikes for a leading Dutch brand, gave Bike Fun International (BFI) a strong position in the expanding urban mobility cycling market. Bike Europe talked with CEO René Gasser about the manufacturer's ambition to serve the central European markets as a leading distributor, but also how they can distinguish themselves as an OEM supplier.

OTTOBRUNN, Germany - Porsche's e-bike drive systems manufacturing subsidiary has announced the appointment of Florian Klingseisen and Eric Sakalowsky to director-level roles. Klingseisen joined Porsche eBike Performance as director of project management last month, while Sakalowsky has taken up the role of marketing director. Dr Jan Becker, co-CEO of Porsche eBike Performance, welcomed the pair and said the firm was delighted with the hires.

HARD, Austria - Modular bike builder Simplon Fahrrad GmbH has successfully completed its restructuring process under self-administration. With the support of the previously announced new owner SOL Capital Management, Austria's second-largest bicycle manufacturer is now starting the upcoming cycling season in a stronger position.

VELDHOVEN, the Netherlands - Darfon, announced the appointment of René Timmermans as European-based director of OEM/ODM, effective immediately. In this role, René will be responsible for the management of all commercial matters involving Darfon Energy, Astro Tech and Kenstone, bringing a wealth of expertise and leadership experience to the team.

KOPRIVNICE, Czech Republic - Marek Sebek has been appointed as new sales director by bicycle manufacturer Bike Fun International (BFI). Prior to arriving at BFI, Sebek spent the past eight years at Trek Bicycle in Switzerland, including a five-and-a-half-year stint as head of sales. Sebek has been tasked with strengthening the position of BFI's brands in the local Czech and Slovakian markets, while growing its presence internationally.