Business

Partnerships, acquisitions and investment news throughout the cycling industry

Cardiff bike-share scheme could be scrapped if vandalism and threats don’t stop, firm warns 

A popular bike-share scheme in Cardiff could be scrapped if vandalism and threats against staff don’t stop, the firm have warned. Nextbike, the cycle hire operator that set up in the Welsh capital in 2018, have temporarily suspended the OVO Bikes schemes in Cardiff and the Vale of Glamorgan after …

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Treasury launches consultation on BNPL regulation

Using non-regulated Buy Now Pay Later (BNPL) services can be like “slipping into quicksand”, a charity has warned, with the Treasury launching a consultation into bringing the sector under regulation. Many BNPL products are becoming increasingly popular among Gen Z’s and Millennials – it is offered widely online by fashion …

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Temple Cycles enters e-bike market with new brand Temple Electric

Temple Cycles has now entered the e-bike market with the launch of a new brand, Temple Electric. Emerging from three years of extensive R&D and product testing, Temple Electric will form the basis of the brand’s growth in the e-mobility sector. Launching with two premium e-bikes, the Classic Electric and …

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Muc-Off rolls out Ultrasonic chain optimisation service through select dealers

Muc-Off is launching its pro-level chain optimisation service to select bicycle dealers, utilising its new Ultrasonic Clean and Lube Tanks. The service is available now in over 20 select dealers across the UK, with the global roll-out to follow next month with a further 300 stores in over 15 countries. …

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Italian brand Alé joins WorldTour cycling team BikeExchange as kit sponsor 

Italian clothing brand Alé will be on display in the UCI WorldTour again next year, as it joins Australian team BikeExchange as kit sponsor.  Alé, distributed in the UK by Paligap, has signed a two-year partnership with the top-tier professional road cycling team to sponsor both the men’s and women’s …

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Ampler raises €7.4 million to support expansion plans

Ampler has raised €7.4 million in an equity round to support its expansion plans. The round was led by seasoned investors Taavet Hinrikus and Sten Tamkivi from Taavet+Sten and joined by top Estonian investors Metaplanet, Ambient Sound Investments and Ragnar Sass. It puts the company valuation at €47 million. The …

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Hotlines to take on UK distribution of Stromer

Hotlines is to take on UK distribution of Stromer. Speed-pedelec specialist Stromer is ‘redefining the urban mobility landscape’ with a range of powerful bikes with integrated design, full connectivity and ‘outstanding’ ride qualities. Born in 2009, it is now a rapidly expanding company with a range of models built around …

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Abbey Bike Tools teams up with Saddleback

Abbey Bike Tools has teamed up with Saddleback for exclusive distribution in the UK and Ireland. Abbey Bike Tools was founded in 2012 after race mechanic Jason Quade created a new device for checking lockrings and swapping cassettes, without removing the quick release skewer. Designed at the request of friend …

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BikeBiz November edition is now available

The digital edition of BikeBiz November is now available online – and it’s our last edition with James Groves as editor. This month, we take a look at the growing e-bike market, including the rising interest in electric cargo, and sit down with MAGURA’s Timo Kieninger and ABUS’ Marius Schiller. This month’s …

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Moore Large adds Tru-Tension to distribution portfolio

Moore Large has added Tru-Tension to its distribution portfolio. “Tru–Tension is a world-class manufacturer of cleaning and lubricant products for the bike industry,” said a statement. “Since successfully receiving investment on popular TV show Dragons’ Den, Tru–Tension has invested heavily in product development to provide a unique range of world-first, innovative …

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