Mobility

  • Cake_Logo
    Article

    Norwegian investor acquires Cake after bankruptcy

    2024-03-01T09:18:00Z

    Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...

  • Corporate_StromerCampus_210920_02_0
    Article

    MyStromer reports sustainable growth in 2023

    2024-02-29T15:25:00Z

    Despite the major hurdles that the bicycle industry had to overcome last year – overstock, liquidity bottlenecks, etc. – bicycle supplier MyStromer AG was able to score points. Without disclosing detailed sales figures, the Swiss manufacturer of the Stromer and Desiknio brands closed FY2023 with consolidated sales growth of 10 ...

  • thule_group_logo_black
    Article

    ​Thule’s sustainability targets confirmed

    2024-02-26T10:47:00Z

    The Science Based Targets initiative (SBTi) promotes ambitious climate protection measures in the private sector by allowing companies to set science-based targets for reducing greenhouse gas emissions. Thule Group’s targets for Net-zero have now been approved by the organization. This is an important endorsement of the company’s sustainability ambitions. In ...

  • Fox
    Article

    Fox Factory’s SSG sales drop weighs on the overall result for FY23

    2024-02-24T16:02:00Z

    While Fox Factory’s former Powered Vehicle Division (split in Q2 2023 into the Powered Vehicle Group (PVG) and Aftermarket Applications Group (AAG)) scored with sales growth, the Specialty Sports Group (SSG), which operates the bicycle product brands Easton Cycling, Fox Suspension, Marzocchi and Race Face, ended up with a two-digit ...

  • oru logo hires
    News briefs

    E-motor upgrade for Oru kayaks

    2024-02-20T14:01:00Z

    Oru Kayak, the original origami kayak brand now owned by Solo Brands, has presented the latest upgrade to its foldable fleet of kayaks: Electric motors. Developed in partnership with California-based Bixpy Motors, Oru’s e-propulsion system offers paddlers a unique electric-assist kayak in a lightweight package that is portable and easy ...

  • Thule Group Atmo2
    Article

    Thule Group coped not too badly with challenging FY

    2024-02-11T17:46:00Z

    Swedish Thule Group AB ended the challenging financial year with a year-on-year decline in sales of 9.9 percent to total sales of 9.13 billion Swedish kronor (€804.71 million), an operating result of SEK 1.51 billion (€133.08m, -11.8 percent) and a net profit decline of 13.8 percent to SEK 1.10 billion ...

  • Cake
    Article

    Cake files for insolvency, administrator seeks buyer for business operations

    2024-02-07T16:40:00Z

    What several Swedish media outlets have already reported has just been confirmed by both the appointed insolvency administrator and on the website of the Swedish manufacturer of electric motorcycles itself: On Feb. 1, Cake 0 Emission AB had to file for insolvency. Lawyer Jakob Callmander from the Stockholm-based law firm ...

  • 3.CAKE Site
    News briefs

    Cake opens showroom in Prague

    2024-01-27T10:14:00Z

    Cake, the Swedish manufacturer of electric motorcycles, announced the extension of its global distribution network, with the Czech Republic emerging as one of the first European countries to join the significant export expansion. This development is a part of Cake’s strategic initiative to enhance its global presence and bring electric ...

  • gopro-forcite
    News briefs

    GoPro acquires Australian motorcycle helmet company

    2024-01-17T07:53:00Z

    GoPro has an agreement in place to acquire Forcite Helmet Systems, a New South Wales, Australia-based maker of tech-enabled motorcycle helmets that was co-founded by Julian Chow and CEO Alfred Boyadgis. Financial terms of the pending transaction were not disclosed. More details about the pending transaction, expected to close before ...

  • Pierer Mobility neu
    Article

    Pierer Mobility announces sharpened strategy, sells non-e-bike business

    2023-12-07T07:50:00Z

    The Executive Board of Pierer Mobility AG has announced its strategic decision to focus even more intensely on the core business of Powered-Two-Wheelers (PTW; motorcycles and e-bikes). One of the consequences is the sale of the non-e-bike division, which has already been initiated. In addition to the sale of the ...

  • hGears Atmo
    Article

    Inventory levels and sluggish consumption continue to weigh on hGears’ business

    2023-11-09T12:10:00Z

    German precision gear and component manufacturer hGears AG has announced its figures for the first nine months of FY 2023. It generated consolidated revenue of €84.1 million in these first three sales quarters. This is 18.8 percent less compared to the same period of the previous year. The company said ...

  • Fox Factory2
    Article

    Fox Factory’s SSG sales slump weighs on overall result

    2023-11-03T16:36:00Z

    With the presentation of the Q3 report for FY2023, suspension specialist Fox Factory Holding also announces the signing of a definitive agreement to acquire Marucci Sports’ parent company Wheelhouse Holdings. At the same time, the US company has adjusted its sales forecast for 2023 downwards to between $1.43 and 1.47 ...

  • thule_group_logo_black
    Article

    Thule gets Q3 boost from bike-related sales in Europe

    2023-10-28T07:38:00Z

    Sales increased by 8.0 percent to 2,311 million Swedish kroner (€196.0m) for the three months ended Sep. 30 but were up only 0.8 percent on a constant-currency basis. Operating income rose by 86 percent year-over-year to SEK 359 million (€30.4m) as the company’s new CEO and President Mattias Ankarberg took ...

  • Mips
    Article

    Mips: Gloomy year due to high inventory levels

    2023-10-26T15:12:00Z

    Both weak demand and high inventory levels in the bicycle helmet category, which is also served by helmet safety technology provider Mips AB, led to another whopping 31.9 percent drop in sales in Q3 of FY23 compared to the same quarter in 2022. However, the situation gradually improved during the ...

  • WSF-56
    Article

    WSF extends existing crowdinvesting campaign

    2023-10-25T08:06:00Z

    In August, Austrian bicycle and e-bike contract manufacturer WSF Bicycle Technology GmbH launched a crowdinvesting campaign on crowdfunding platform Conda with a funding target of €400,000. The company, which was founded in 2020 and is based in Regau, Upper Austria, plans to use the money to increase its production from ...

  • Pierer Mobility neu
    News briefs

    Pierer Mobility AG announces change of ticker symbol

    2023-10-18T07:09:00Z

    The shares of the two-wheeler giant Pierer Mobility AG (brands KTM Motorrad, Husqvarna Motorcycles, GasGas as well as Felt Bicycles, Gas Gas E-Bicycles, Husqvarna E-Bicycles, etc.) will no longer be listed on the stock exchange under the ticker symbol PMAG, but under PKTM with immediate effect. The shares of the ...

  • Pon Holdings-CEO Janus Smalbraak, VW FS Leiter Unternehmenskommunikation & Public Affairs Dr. Carsten Krebs und VW FS-CEO Dr. Christian Dahlheim
    Article

    VW’s financial service takes a stake in Pon’s bike leasing subsidiary

    2023-09-07T06:10:00Z

    On Sept. 4, the Volkswagen Group announced in a side sentence at a press conference (much of which was about cars and less about bikes) at the IAA Mobility press day in Munich that it planned to enter the bike leasing business. Pon Holdings B.V., a company familiar with the ...

  • KSR Group2
    Article

    KSR Group files for court-supervised restructuring proceedings

    2023-09-06T07:39:00Z

    Austrian two-wheeler wholesaler and importer KSR Group announced on Sept. 6 that it will file for court-ordered restructuring proceedings. Due to increased energy prices, high inflation and the loss of customers’ purchasing power, the economic situation has changed drastically over the past year in the markets served by the family-owned ...

  • 2_Thule_Taiwan_POPup_store_720x525
    News briefs

    Thule opens pop-up in Taipei with Hong Kong artist Shawn Yue

    2023-09-05T11:54:00Z

    In late August, Thule announced the opening of its pop-up store in Taipei’s vibrant Xinyi District. It is located in A13, Far East Departure Store, a prime department store in Taiwan, similar to Galerie Layette in Paris. The temporary store opened on Aug. 25 and will operate until Sept. 17, ...

  • Pierer Bike Atmo
    Article

    Pierer reports strong H1 sales and revenue, PTWs offset bicycle sales

    2023-09-01T06:06:00Z

    Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business. Group-wide, around ...