Latest Pro Cycling News
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November 29, 2022
Wattbike secures £3.25m for global growth
Wattbike has partnered with Praetura Commercial Finance to help fund its ambitious global expansion plans. The £3.25 million asset-based lending facility will help the team invest in its Hub App, which works in tandem with its indoor exercise bikes, as well as target key global territories in the North America...
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November 28, 2022
Sea Otter exhibitor space 90% sold out
Sea Otter Classic exhibitor space is 90% sold out with nearly 1,000 brands set to display at the 33rd annual event. The four-day expo, presented by Life Time, is on track to exceed all sales records, according to event organizers. Several European, Australian, Chinese, and South African companies will exhibit....
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November 27, 2022
Lance Armstrong Once Questioned Why Alex Rodriguez Got Away Clean in Court of Public Opinion and the Infamous Cyclist Did Not
In 2013, after a USADA report, Lance publicly admitted to using banned substances to improve performance. However, when the MLB allowed Alex Rodriguez to play again after banning him for doping, it didn’t sit well with Armstrong. ES
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November 23, 2022
MADE handmade bike show announces dates and venue for inaugural show
MADE, a new handmade bicycle showcase being organized by PR outfit ECHOS Communications, will take place August 24 to 27, 2023, at the Rose Quarter in Portland, Oregon. Announced earlier in 2022, the show says buzz is high already, with more than 170 brands expressing interest in participating. VeloNews
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November 21, 2022
Founder and CEO of Rad Power Bikes steps down
Mike Radenbaugh, the founder of North America's largest e-bike company, Rad Power Bikes (opens in new tab), will step down from his role as CEO, BRAIN reports. After 15 years at the helm, Radenbaugh will step down into the role of chairman of the board while he shifts his focus to...
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November 16, 2022
Rad Power Bikes CEO Mike Radenbaugh replaced by former Sony leader Phil Molyneux
Rad Power Bikes CEO Mike Radenbaugh is stepping down from his position at the Seattle-based e-bike company. Rad confirmed to GeekWire that Radenbaugh is being replaced by Phil Molyneux, who was hired as president and COO earlier this year. Molyneux previously was president at Sony Electronics and Dyson America. He was most...
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November 11, 2022
Aventon eBike label reportedly gains Sequoia Capital backing
The electric bike brand Aventon has reportedly drawn the interest and investment of Sequoia Capital’s Chinese arm. For Aventon the investment reportedly takes the company’s valuation from $200 million eight months ago when China’s Gao Rong Capital invested to a post-investment valuation of $590 million, according to sources tapped by...
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November 8, 2022
Peloton settles pending litigation with rival Echelon
Peloton Interactive Inc and rival Echelon Fitness on Tuesday said they had settled all pending litigation between them, more than three years after Peloton sued the Tennessee-based fitness company for patent infringement. Echelon has agreed to stop using Peloton's patented leaderboard technology in on-demand classes, the companies said in a...
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November 7, 2022
Trek Bicycle and Bell Sports sue over cargo lost or damaged at sea
Bell Sports and Trek Bicycle are among the firms suing shipping companies over containers lost or damaged due to storms in the North Pacific in early 2021. The Maersk Essen 051, a 366-meter ship, lost more than 700 containers when it encountered heavy seas off Mexico on Jan. 16, 2021....
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November 7, 2022
World’s first real denim cycling shorts about to launch – and they could be worn by AG2R Citroën
Italian brand Rosti, the supplier of AGR Citroën (opens in new tab)'s team kit, unveiled its new ‘Bib Jeans’ at Rouleur Live, prompting speculation that the French UCI WorldTeam might be about to ditch its famous brown shorts for denim. Cycling weekly
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November 7, 2022
Recall: Rad Power Bikes
The tire rim strip could be misaligned, causing the tube to pop and damage the tire. The tires with a ribbed sidewall could also go flat unexpectedly, posing injury from loss of control and/or crash. The company has received 137 reports of the tires blowing out, deflating and separating from...
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November 3, 2022
Bosch furthers European eBike output with Portuguese investments
Bosch will quickly build upon its recently announced Slovakian eBike production investment by simultaneously investing in Portugal, according to local media. A team of 300 is reportedly to be recruited in order to build a production team in the Ovar region where Bosch already has a significant presence outside of...
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November 3, 2022
Peloton shares tumble after company offers weak holiday quarter outlook
Pelotonposted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. The company’s shares fell nearly 10% in morning trading Thursday. As of Wednesday’s close, Peloton’s stock has dropped about 75% so far this year. CNBC
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October 31, 2022
Thule reports ‘rapidly declining’ demand for bike-related products in third quarter
Thule Group has published its interim report for July to September 2022, reporting a 23% decline in third-quarter sales year-on-year. Net sales for the quarter amounted to SEK 2,139m. Adjusted for exchange rate fluctuations, sales declined 29.4%. Net sales for the first nine months of the year amounted to SEK...
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October 31, 2022
British Cycling chief steps down three weeks after controversial Shell deal
Brian Facer has stepped down with immediate effect as chief executive of British Cycling, three weeks after the organisation announced a partnership with Shell UK that was fiercely criticised by environmental groups. In a statement released yesterdayon Monday, the national governing body for road and track cycling said the decision had been...
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October 31, 2022
Kitzuma temporarily suspends delivery service
Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its driver network in reaction to slowing demand for its door-to-door bike shipping business. Bicycle Retailer
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October 27, 2022
Tech startup Body Rocket seeking US investment following £430,000 UK and EU raise
Tech startup Body Rocket is seeking US investment following a successful £430,000 UK and EU raise. Body Rocket is creating the ‘world’s first’ device to provide real-time aerodynamic drag force measurement for cyclists and triathletes, with the accuracy of a wind tunnel. The patented technology (UK only and USA applied-for)...
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October 27, 2022
Track Bicycle Racing to Enter the Metaverse
A new partnership between Warner Bros. Discovery Sports and Infinite Reality will bring an immersive metaverse experience to the Union Cycliste Internationale (UCI) Track Champions event in London on Dec. 2-3, 2022. Visitors get the opportunity to preview “an immersive experience to engage fans,” a press release said. Gear Junkie
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October 25, 2022
Shimano says bike demand “cooling” but ahead of pre-Covid levels
Shimano has described global demand for bikes as “cooling” in its Q3 financial update, but to levels that remain ahead of pre-pandemic trends. As the industry rumour mill whispers of signs of strain, Shimano said that from its view “in terms of market inventories of completed bicycles, those of high-end...
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October 23, 2022
Explained: why camera drones are a long way off replacing helicopters in cycling races
It’s what we at Cycling Weekly have assumed for a while, too. We wrote in our eight environmental proposals in August that race organisers should down the choppers and embrace the modern technology of drones. Cycling Weekly
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October 18, 2022
Mario Cipollini given three year prison sentence for domestic abuse
Mario Cipollini has been sentenced to three years in an Italian prison for abusing his ex-wife Sabrina Landucci and her new partner, Silvio Giusti, by the Court of Lucca on Monday. The sentencing brought to a close the case which began in March 2019 when the initial allegations of abuse...
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October 17, 2022
The Pro’s Closet cuts workforce 15%, citing ‘economic headwinds’
The Pro's Closet laid off 15% of its workforce last week, the certified used bike and component retailer confirmed to BRAIN on Monday. TPC quickly expanded in size and workforce since beginning in 2006 as an eBay store. In May 2021, TPC announced it raised an additional $40 million in Series...
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October 17, 2022
High Levels of BPA Were Found in Sports Bras — Here’s What You Need to Know
Working out is supposed to be good for you — and a great sports bra can make you feel good about yourself and push you to work out that much harder. But news from the Center for Environmental Health (CEH) is making people question whether their sportswear might have an...
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October 15, 2022
Thule makes 34 staff cuts in US
As Sweden-based Thule Group's executives are warning investors of a sharp decline in sales and earnings due to a softening bike sector, the company's Americas division is making organizational changes that include 34 staff cuts in management, product development, and manufacturing. Bicycle Retailer
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October 14, 2022
Zwift commits to continuing as ‘an open-platform’ amid Wahoo lawsuit
Zwift has sought to reassure users that it has no intention of ceasing its compatibility with Wahoo products after the turbo-trainer manufacturer launched legal action against the online cycling software company. Earlier this week, Wahoo confirmed that it was suing both Zwift and JetBlack over two turbo trainer designs it said were...