Ahead of listing Felt parent adds 50% bike and 37% e-Bike growth
March 30, 2022
In its full year 2021 report, new Felt Bicycles parent Pierer Mobility has seen pedal powered bike sales rise by 50% and electric bikes register a 37% year-on-year uptick.
Now selling three times the number of electric bikes than it does pedal cycles, at 76,916 units versus 25,837 units in 2021, the European bike and motorcycle giant topped 100,000 units for the first time. The acquisition of Felt Bicycles completed in December and will therefore begin to contribute to the numbers from this year. Cycling Industry