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Partnerships, acquisitions and investment news

E-bike sales set to grow to 17 million per year by 2030

E bikes sales set to grow to 17 million per year by 2030 E-bike sales set to grow to 17 million per year by 2030

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 …

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Voi raises $160 million in new funding to accelerate expansion

Voi Transport Committee Voi raises $160 million in new funding to accelerate expansion

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, …

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E-bike startup to launch UK HQ in Birmingham

E bike startup to launch UK HQ in Birmingham E-bike startup to launch UK HQ in Birmingham

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. …

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E-scooter trial zone set to expand in Birmingham

E scooter trial zone set to expand in Birmingham E-scooter trial zone set to expand in Birmingham

The operating area of Birmingham’s e-scooter trial is to be expanded to the north and southwest of the city from 4th December. The expansion will include the A38 and A34 cycling corridors respectively, allowing people to reach key destinations by e-scooter including: – The University of Birmingham, Queen Elizabeth Hospital, …

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Scottish e-bike innovator FreeFlow Technologies secures £1.85 million funding

FFT LtoR Neil MacMartin founder and director from FreeFlow Technologies and John McNicol Director from Kelvin Capital 35 1 Scottish e-bike innovator FreeFlow Technologies secures £1.85 million funding

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 …

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E-scooters: A shot in the arm for bike share schemes?

Image2 7 E-scooters: A shot in the arm for bike share schemes?

E-scooters are impossible to ignore in today’s discussions surrounding mobility and active travel, particularly as people’s transport habits change with COVID-19. But what impact are they having on bike share schemes? Rebecca Morley reports Many bike share schemes have seen a boom in ridership over recent months, mirroring the trends …

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MET Police issues open letter to retailers on responsible sale of e-scooters

e scooter trial MET Police issues open letter to retailers on responsible sale of e-scooters

The Metropolitan Police, alongside its partners at the Mayor’s Office for London, has issued an open letter to retailers on the responsible sale of e-scooters. Privately owned e-scooters remain illegal on roads and in public places in the UK, but the letter says many customers may not be aware of …

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Spin launches UK’s ‘first’ micromobility research fund

Spin Milton Keynes Spin launches UK's 'first' micromobility research fund

Spin is launching the UK’s ‘first’ micromobility research fund. It will be aimed at “tackling the challenges, exploring the opportunities, and answering the questions our industry faces as it matures”. Spin’s commitment of £100,000 will, over the next 12 months, support top researchers from ten leading universities in the UK …

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E-bike startup raises £750,000 in seed funding to accelerate growth

E bike startup raises 750000 in seed funding to accelerate growth E-bike startup raises £750,000 in seed funding to accelerate growth

British e-bike manufacturer FuroSystems has raised £750,000 in seed funding, with participation by TSP Ventures, ClearlySo and a number of angel investors. The company, which creates high-end electric bikes and electric scooters, has seen demand surge since the COVID-19 lockdown from an already high growth rate, with year-on-year sales up …

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Government seeks views on e-bikes and digital mapping to connect rural areas

Government to look at e bikes and digital mapping to connect rural areas Government seeks views on e-bikes and digital mapping to connect rural areas

Drone deliveries and digital mapping for easy-to-access walking and cycling routes could soon be a reality for people living in rural areas across the UK, following the launch of a call for evidence to help develop the Government’s Future of Transport: rural strategy. The Future of Transport: rural strategy – …

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