News

Partnerships, acquisitions and investment news

Bolt unveils industry first ‘reckless rider score’

Micromobility operator Bolt has announced a new ‘reckless rider score,’ believed to be an industry first. Estonian shared transport company Bolt is aiming to tackle unsafe riding habits on its e-scooters, to help improve the perception of safety in micromobility.  The reckless rider scoring systems collects inputs, including tandem riding …

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Pure Electric secures £12.5m loan to fund product development and business strategy

E-scooter brand Pure Electric has secured a £12.5 million loan to help fund further product development and support its new business direction. The British e-scooter brand has recently shifted its focus away from e-bikes and high street retail to focus on e-scooters and working with third-party retailers.  Founded by entrepreneur …

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E-bike brand Cowboy appoints Oliver Barleben to oversee global operations

Belgian e-bike brand Cowboy has appointed Oliver Barleben to oversee global operations as chief supply chain officer.  Barleben will be responsible for Cowboy’s supply chain and ensuring the product quality, while also overseeing planning, procurement, manufacturing and logistics.  With previous experience in supply chains and procurement, Barleben was most recently …

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‘First in the micromobility industry’ – Lime announces its first fully profitable year

Shared micromobility brand Lime has announced its first fully profitable year of operation, which it says makes it the first in the micromobility industry to reach this target. The US-based shared transport provider recorded its best ever year in 2022, recording $466 million in gross bookings in 2022, a 33% …

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European Parliament passes ‘historic resolution’ to recognise cycling as mode of transport

The European Parliament has passed a ‘historic resolution’ to help dramatically increase cycling levels by 2030.  In a bid to promote cycling across Europe, the European Parliament has voted on a resolution to recognise cycling as a fully-fledged mode of transport, and as an essential industrial asset to meet the …

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Micromobility start-up Dance secures €12 million in funding

German micromobility start-up Dance has announced that it has secured €12 million in funding, from existing and new investors.  Dance, an e-mobility subscription service founded by the creators of SoundCloud and Jimdo, said it plans to use the funds to continue its mission of creating liveable cities by offering sustainable …

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Estonian Kõu Mobility Group takes majority stake in Ampler e-bikes 

Estonian e-bike brand Ampler has merged with the Kõu Mobility Group, as Kõu takes a majority stake in the bike-manufacturer.  The two companies have signed an investment and share-swap agreement, with Kõu becoming the new 51% majority shareholder in Ampler, which will join other micromobility brands in the Kõu group, …

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Trade organisation LEVA-EU joins European Small Business Standards organisation

Micromobility trade organisation LEVA-EU has become a full member of Small Business Standards, a voice for European SMEs.  LEVA-EU (Light Electric Vehicle Association in Europe), the only trade body in Europe to work exclusively for the light electric vehicle market, aims to represent the interests of distributors, manufacturers and suppliers …

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Trading Standards issues safety warning over non-compliant e-scooter and e-bike fire risks 

The UK’s trading standards organisation has issued a warning about the risk of fires associated with non-compliant e-scooters and e-bikes.  In a statement released on Thursday (9th February), the Chartered Trading Standards Institute (CTSI) warned consumers and businesses of the potential fire risks posed by faulty lithium-ion batteries in micromobility …

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Voi calls on Government to set clear date for e-scooter legalisation 

Micromobility operator Voi has called on the Government to set a clear date for the legalisation private e-scooters in the UK. Voi, which operates rental e-scooter schemes across 100 towns and cities globally including Bristol and London in the UK, said that progress in the micromobility industry could be undermined …

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