Business

Partnerships, acquisitions and investment news throughout the cycling industry

Premium kit brand Maap launches latest phase of recycled off-cut kit

Australian premium kit brand Maap has released the second collection of its recycled off-cut kit, as part of its sustainability push. First launched in 2021, the Maap OffCuts Program takes the excess fabric from previous product runs of Maap’s most popular jersey and repurposes them into striking new designs.  This …

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Chris Boardman appointed as permanent Active Travel Commissioner 

Olympic gold medallist and cycling advocate Chris Boardman has been permanently appointed as the National Active Travel Commissioner for Active Travel England.  Active Travel England is an executive agency, newly established by the UK Government to encourage and support walking and cycling across the country. Boardman has served as interim …

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Pre-owned bike specialist Cycle Exchange announces rebrand 

The pre-owned bike specialist Cycle Exchange has unveiled its new look.  Cycle Exchange, based in Kingston, Surrey, specialises in buying and selling second-hand bikes, frames, wheels and parts. Working with cycling design agency Conductor, Cycle Exchange’s new look emphasises its focus on sustainability and recycling, as the brand aims to …

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Online marketplaces Private Sport Shop and SportPursuit merge to form new European retail platform 

Two major online marketplaces have joined forces to form a new Europe-wide online retail platform.  French platform Private Sport Shop, founded in 2011, has now merged with London-based SportPursuit to form Sportscape Group, combining to create a business with more than €200 million (£172 million) sales across France, UK, Germany …

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Vittoria invests in run-flat technology, integrating with tyre insert supplier 

Italian tyre brand Vittoria has announced an investment in run-flat technology, as it integrates with its tyre insert supplier Deaneasy.  Deaneasy, an Italian brand focussed on innovative cycle accessories, will become part of the Vittoria Group and operate as part of the tyres giant, benefitting from further investment from Vittoria.  …

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London retailer Velorution offering free battery charging to e-bike riders 

The London e-bike and urban cycling specialist Velorution has announced a new initiative across its stores, offering free battery charging for e-bike riders. Velorution, a premium urban lifestyle cycling retailer, has four stores across London and will be offering charging across those locations in Marylebone, Hackney Islington and Chelsea.  As …

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Bike sales ‘disappointing’ in first half of 2022, says Tandem Group in trading report 

The first half of 2022 has been “disappointing” in terms of bike sales, the Tandem Group has said in its latest trading report.  In a statement to the market, published on 23rd June Tandem Group plc, parent company of distributor Tandem Group Cycles, said that trading has remained “challenging” in …

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Light and data company See.Sense launches platform to reduce emissions and incentivise cycling 

Bike light and data company See.Sense have announced a new platform designed to encourage more cycling. The Commuter Platform, which will be launched at the Reset Connect conference in London next week, will allow businesses to give See.Sense lights to their employees to get more people cycling to work.  See.Sense …

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Bicycle insurance company Laka receives investment from Porsche Ventures

Laka has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG. This brings its Series A, led by Autotech Ventures and followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon, and ABN AMRO, to $13.5 million. Laka said it will use the …

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Eyewear and helmet brand Bollé appoints Fusion Media for PR in UK

The French eyewear and helmet brand Bollé has appointed Fusion Media as its PR and communications agency in the UK. Bollé, founded in France in 1888, is a leader in performance and lifestyle sunglasses, as well as specialising in cycling and skiing helmets and ski goggles.  London-based Fusion Media, founded …

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