BRUSSELS, Belgium - Folding bikes specialist Ahooga raised multimillion funds to support the development and engineering of its next generation compact e-bikes. Ahooga also want to invest in production nearby its headoffice in Brussels, "to reduce dependency of external parties which can be cumbersome when supply chains get tight."
BERINGEN, Belgium - The Belgian Cycling Factory (BCF), known as owner of the sports bike brands Ridley and Eddy Merckx, is diversifying into new bicycle categories. The company will also focus more on e-bikes. Therefore, for frame production BCF partnered with a nearby frame manufacturer.
ZEIST, the Netherlands – Both Cowboy and Stella have reorganised their top management to face today’s challenges. Cowboy has hired a new Chief Supply Chain Officer while Stella founder Daan van Renselaar has pulled out of the daily operation.
KORTRIJK, Belgium - "Super", "Amazing", "Best event ever"; these were some of the comments from exhibitors at Velofollies last weekend. Signs of market disruptions, cash flow problems or inventory worries were far from centre stage at the main tradeshow for the Benelux which was returning following a 2-year absence. Could this outpouring of optimism be masking the real problems in the industry?
BERLIN, Germany - In addition to the regular market for e-bikes, the replacement market is becoming increasingly important in Germany. No less than 25% of consumers who intend to buy an e-bike already owns one. This is a significant increase compared to previous years.
ANTWERP, Belgium - Classified Cycling has announced a €22 million funding round led by Active Partners, known in the industry as, former investors in Rapha and Evans Cycles. Existing investor Bridford Investments Limited continues to support Classified by participating in the round. Classified Cycling aims to expand into the e-bike market.
BRUSSELS, Belgium - Bike Republic, Colruyt Group's chain of bike shops, is planting its flag in Brussels for the first time following the take-over of the large bicycle retailer, IMP Bike. The acquisition puts Colruyt Group on course for further expansion in the French speaking part of Belgium.
BRUSSELS, Belgium - The total sales in the Belgian bike market fell by 1.2% in 2021, turning the tide on the 4% growth seen in 2020. A drop in e-bike sales and the sportive segment, which were both hampered by limited availability due to the supply chain problems, contributed to the overall decrease.
The Belgium-based helmet company Lazer has created the world's first fully integrated rotational-impact technology: KinetiCore.
BRUSSELS, Belgium - As one of the most important speed-pedelec markets in the European Union, the industry was rather worried about the sluggish sales last winter in Belgium. Nevertheless the market picked up in spring and recorded a growth of 26.2% in the first half year-on year.
