LONDON, UK - When looking for an indication of how dire the current market situation is in the bike industry, look no further than the recent financial results of folding bike manufacturer, Brompton. The renowned British manufacturer has reported a dramatic decline in profits, plummeting from £10.7 million (€ 12.9 million) to just £4,602 (€ 5,543) for the fiscal year ending March 2024.

BRUSSELS, Belgium - Folding bike specialist Ahooga has welcomed Tomi Viiala, former CEO of Stromer, as an advisor to the Board. Known for his instrumental role in transforming Stromer into the global leader in speed pedelecs, Viiala will support Ahooga in advising on driving strategic growth across Europe.

LONDON, UK - Award-winning e-bike brand Gocycle has started a crowdfunding campaign to launch its new range of urban folding bikes. Founder and CEO of Gocycle owner Karbon Kinetics Ltd Richard Thorpe explains why he turned to this tentative way of funding, having founded the company already in 2002. "Institutional capital has fled most industries including bike companies, as well as small innovators like Gocycle."

Dahon, a global leader in folding bicycles, recently introduced a revolutionary Speed Technology, a frame design that enhances the frame stiffness of bicycles in such a way that improves riding efficiency and speed.

Folding bike manufacturer Dahon chaiman Dr. David Hon has developed a patented technology called Deltec for all new Dahon bikes. This technology empowers folding bikes with unmatched strength and speed, surpassing the performance of conventional mountain and road bikes on the market.

HYDRABAD, India - Automotive giant Mahindra & Mahindra was among the first to invest in intelligent mobility solutions start-up Hornback. The new entrant is now introducing one of the world's first, full-sized diamond frame folding electric bicycles on the market, the X1.