Business

Covation Holdings is expanding into the European market with a new UK sales hub for outdoor bicycle brands Huffy, Royce Union and Buzz E-bikes. Led by EU general manager Jon Tilley, the company will focus on driving brand awareness across European markets, while working with retailers on import programmes and …

Pure Electric is opening its fifth London store this Friday, 18th December. The new store, which will create seven new jobs, is on Tooley Street by London Bridge and follows recent London shop openings in Croydon Box Park, Spitalfields and Holborn. The company started the year with just one high street outlet in …

Voi has launched its City Innovation Fund, a $3 million commitment to support cities as they embrace safe, inclusive micromobility. The fund seeks to expand and grow private- and public-sector projects that improve road safety, parking and the sustainability of micromobility vehicles and operations. The company said it hopes to …

UK-based e-bike developer CrownCruiser Motors has been awarded £139,970 from Innovate UK’s Sustainable Innovation Fund. The grant will enable CrownCruiser to set up an operations and assembly centre in Sheffield, working in partnership with Sheffield City Region to build, promote and sell the Rapture. “This moment is many years in …

HumanForest has secured its target crowdfunding investment of £1.25 million. The campaign is now overfunded thanks to commitments from more than 445 investors. Capital raised will be used by HumanForest to acquire 1,500 electric bikes, expand into 15 London boroughs by summer 2021 and grow internationally in 2022. HumanForest launched …

According to the BA’s Market Data Service – powered by Sports Marketing Surveys (SMS) – it’s beginning to look a lot like Christmas buying habits will be very different in 2020… In total, this market, which is predominantly made up of electric and non-electric scooters, has followed the wider cycling …

E-bikes are set to grow from 3.7 million bikes sold in 2019 to 17 million in 2030, a new forecast from CIE, CONEBI and ECF has predicted. Using a new forecasting approach which analysed current trends, COVID-19 impacts and Government announcements about future cycling investments, the three European cycling organisations …

Voi has raised $160 million in new funding led by The Raine Group. Investors including VNV Global, Balderton, Creandum, Project A, Inbox, Nordic Ninja and sustainability-focused investors, including Stena Sessan, also participated in the round and were joined by entrepreneurs and executives to global companies, including Delivery Hero, Klarna, iZettle, …

India-based e-bike startup Calamus is making its way into the UK market thanks to a place on the Birmingham Enterprise Community (BEC) Forward accelerator scheme. Calamus is now in line to receive full support and backing to help establish a base in Birmingham, operating its UK HQ from the city. …

Scottish e-bike innovator FreeFlow Technologies (FFT) has secured £1.85 million in a funding round. The investment will support a move to a new headquarters and R&D facility in East Kilbride and further strengthen the team with senior technical positions and assembly engineers recruited. “FFT’s ‘novel’ patented e-bike transmission system is …