News Topics
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March 1, 2023
Fast-growing e-bike company Velotric raises $7.4M USD Series A
Velotric, a leading innovator in the electric bike market, announced today that it has successfully raised a $7.4 million USD Series A round, bringing the total raised to $12 million USD in its first year. Funding has come from Redpoint China Ventures, Fosun RZ Capital, Uphonest Capital, and Lime Cofounders...
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February 28, 2023
Americans have changed the way they exercise. Here’s how gyms are adapting
Post-pandemic, the surge in the popularity of weight training has helped the gym industry recover. The number of gym memberships in the United States increased 3.6% in 2021 from pre-pandemic levels, according to the latest data from IHRSA, a trade association for the fitness industry. CNN
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February 27, 2023
Exercise Is Top Treatment for Depression, Anxiety: Study
People in a study who engaged in physical activity routines for up to 12 weeks were 1.5 times more likely to see improvement in depression, anxiety, or psychological distress compared to people who were treated with therapy or leading medications. The findings should encourage medical providers to look to physical...
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February 26, 2023
Multiple people wounded after Cameroon marathon bombing
More than a dozen people were injured on Saturday during a series of explosions that went off at the start of the Mount Cameroon Race of Hope. An English-speaking separatist group claimed responsibility for the attack. The Race of Hope is an annual event held in Buea, a city in...
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February 26, 2023
Jury says Princeton Carbon Works wheels don’t infringe on SRAM’s patents
Princeton Carbon Works prevailed after a two-week jury trial in which SRAM LLC had accused the company of infringing on two patents for aero wheels. In its complaint filed in the U.S. District Court for the Southern District of Florida nearly two years ago, SRAM said that the wavy rim shape on...
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February 24, 2023
Apple Watch Running Track Mode Expands To More Countries
Apple has expanded their Apple Watch running track mode to more countries. This mode will automatically detect the running track as you step onto the track, offering to enter/trigger track mode (assuming you’re in the workout app). Further, the mode automatically knows how many running lanes are at each track. The...
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February 24, 2023
Garmin reports 71% profit fall in cycling and fitness business as pandemic bubble bursts
Leading US tech brand Garmin has reported a 71% drop in operating profit across its cycling and fitness division in 2022 as the pandemic bubble burst, the company's annual report said. Published on Wednesday, the company's final report for the 2022 fiscal year shows that operating income was $105m from...
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February 24, 2023
E-bike conversion brand Boost secures six-figure investment
British e-bike conversion brand Boost has closed its latest funding round after securing a six-figure investment. Boost, founded by Cambridge engineer Nick Bailey, is an aftermarket conversion kit brand that works directly with retailers. Bikebiz
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February 23, 2023
Lesley Paterson competed in triathlon despite excruciating pain from broken shoulder to fund BAFTA-winning movie
The story goes that in 2016, Paterson crashed her bike and broke her shoulder just one day before she was to compete in a triathlon. She needed to win the event in Costa Rica to use the winner’s cheque for making the movie. A gruelling event, the triathlon requires an...
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February 23, 2023
Planet Fitness’ Q4 Tops Wall Street Targets
Planet Fitness, Inc. reported fourth-quarter profits more than doubled, beating expectations and forecasted an upbeat full-year outlook following strength in its December national sales, which helped to drive “record membership growth.” Excluding nonrecurring items, adjusted earnings per share increased to 53 cents, topping Wall Street’s consensus estimate of 47 cents....
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February 23, 2023
Relatives of athletes rescued from ultramarathon claim ‘poor safety planning’ put lives at risk
Relatives of competitors taking part in an ultramarathon who had to be rescued from the remote route in bad weather claim they were in serious danger and their lives put at risk by “poor safety planning” by the event’s organisers. Stuff
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February 22, 2023
110 Ultra Trail Runners Evacuated from Race Course
A 7-day, 6-stage ultra-marathon on the South Island of New Zealand, was interrupted by severe weather earlier this week, which resulted in several athletes needing to be rescued, according to the New Zealand Herald. Rains quickly became intense, causing the Arrow River to rise in the wee hours of the...
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February 21, 2023
Influencer under fire for blocking Austin Marathon route with ebikes
The 2023 Austin Marathon's biggest story to come out of the race is not one of triumph or success, but one of disruption and annoyance. Influencer Matt Choi of Gaithersburg, Md., upset many of his fellow runners as he attempted to get the best footage possible for his social media. A...
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February 21, 2023
Trail Ultra Project: New Report Analyzes the Habits and Characteristics of Trail Runners and Ultrarunners
The project began with a survey launched in 2022 — which we invited you to participate in — which took a deep dive into the habits of trail runners and ultrarunners, and the demographics that make up our diverse community. Almost a year on, having received more than 1,000 responses...
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February 21, 2023
Brooks Running achieves record revenue in 2022, builds momentum into the new year
Brooks Running crossed the finish line in 2022 with record global revenue, up 6% over 2021 with growth in all regions, and direct-to-consumer sales up 16%. The brand navigated supply chain obstacles during the first half of the year, returning to complete inventories in the back half with a record...
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February 21, 2023
Fox Factory Acquires Custom Wheel House
Fox Factory Holding Corp. agreed to acquire Custom Wheel House, LLC (CWH) from Thompson Street Capital Partners and other sellers for $131.6 million. This acquisition complements Fox’s upfitting and lift kit business and broadens its product offering in a growing automotive industry segment. SGB Media
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February 21, 2023
Porsche assumes complete ownership of Greyp e-bike brand
After acquiring a majority interest in the Greyp in 2021, Porsche announced it has assumed complete ownership of the e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, had held about a 10% stake in Greyp since 2018. Bicycle Retailer
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February 20, 2023
Quell Raises $10M In Series A Funding Round
Quell, the UK-based fitness gaming developer and publisher, completed a $10 million Series A funding round led by Tencent with follow-on investment from Khosla Ventures, Heartcore Capital, Social Impact Capital, and entrepreneur Naval Ravikant. This latest round brings Quell’s total financing to $15.6 million. The Series A round enables Quell...
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February 20, 2023
Over 40? Just 20 Minutes of Daily Exercise Can Keep You Out of the Hospital
Researchers found that among nearly 82,000 British adults, those who regularly exercised were less likely to be hospitalized for various health conditions in the coming years. The list included such common ills as pneumonia, stroke, diabetes complications and severe urinary tract infections. US News
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February 19, 2023
In San Francisco Bay, Wetsuits Make Waves Among Swimmers
Wetsuits have a long history in the frigid waters of the Bay Area, but some swimmers who forgo the neoprene shame those who wear them. Some Bay Area triathlete pages call them “wuss suits.” Despite the local history, a war rages on over whether to wear wetsuits. WSJ
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February 17, 2023
Climate change could force ‘decoupling’ of long-distance athletics events – World Athletics chief
World Athletics president Sebastian Coe said long-distance events could be "decoupled" from major championships due to climate change as concerns mount about competitor welfare in soaring heat. At the Tokyo Olympics in 2021 many competitors struggled with extremely hot and humid conditions. News24
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February 17, 2023
Forbes 30 Under 30 Honoree Dies After Arizona Marathon
Pierre Lipton, 26, started the Mesa Marathon at 6:30 a.m. on February 4, chasing a personal best. After 26.2 miles running 7:15 mile pace, Lipton crossed the finish line in 3:10:05, a new PR. A few steps from the finish line, he collapsed near paramedics. They tried CPR unsuccessfully and...
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February 17, 2023
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Olympia Sports filed for bankruptcy last September to liquidate its remaining 35 stores....
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February 17, 2023
Shimano forecasts 21% sales drop in 2023
In its fourth quarter and full-year financial results report, the company forecast that 2023 sales in its bike components business will produce 396 billion yen ($2.95 billion), down from the 517 million yen recorded in 2022, a 23% drop. Bike component sales make up about 79% of Shimano’s business with...
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February 17, 2023
Strava’s trying to make route planning easier by crowdsourcing photos from users
You can find route photos for any sport featured in the Routes section of the app, including running, trail running, walking, hikes, rides, mountain bike rides, and gravel rides. According to Strava, the platform has roughly 2.3 million photos from 200 million user-uploaded public activities in the past year to...