News Topics
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June 29, 2022
Fitmint, a fitness app, secures a $1.6 million investment round from General Catalyst
Fitmint, a business with offices in Bengaluru, announced on Wednesday that it has secured $1.6 million in a seed fundraising round headed by General Catalyst. With built-in social-fi and NFT game features, Fitmint is a "Move-to-Earn" business where users may earn incentives in crypto/NFTs by exercising physically, such as walking, jogging,...
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June 29, 2022
STRIVE Closes $6M in Funding to Accelerate Growth
STRIVE, the only platform proven to optimize muscle performance for elite athletes and teams, today announced it closed $6 million in Series A funding. The round was led by Future Communities Capital, with participation from investors, including SeaChange Fund, SeedtoB Capital, Jas Ventures, Gaingels, Founders First, Macnica Investment Partners, fama...
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June 28, 2022
Big Gear Show owners plan Denver e-bike show for 2023
Lost Paddle Events, which owns the Big Gear Show, is planning a June 2023 e-bike show that may be the first national trade show for the e-bike segment in the U.S. The show is called (e)revolution and will be held June 8-11 at Denver's Colorado Convention Center. It will include two...
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June 28, 2022
Emerald Acquires Advertising Week Global Event Platform
Emerald Holding, Inc. announced that it has completed the acquisition of all of the assets comprising the business known as Advertising Week from Stillwell Partners. Advertising Week (AW) is a premier global event and thought leadership platform focused on marketing, media, technology, and culture. Businesswire
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June 27, 2022
Nike Q4 Beats Analyst Expectations Despite Russia Exit, China Pressures
Revenues in Q4 were down 1% to $12.2 billion compared to the prior year, with net income down 5% to $1.4 billion, or 91 cents per share. The Beaverton, Ore.-based company attributed approximately $150 million in expenses in the quarter associated with closing its Russian operations, and the transition of...
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June 26, 2022
4,400 road signs, 1,800 balance bikes, 100 percent carbon offset: The numbers behind the 2022 Tour de France
The recently published “Key figures for the 2022 Tour de France” factsheet sheds light on the operational, commercial, and increasingly sustainable beast that is the Grande Boucle. A small army of security and safety officials governs nearly 3,400km of race route. More than 4,000 bright yellow signs point the peloton...
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June 25, 2022
Adidas, Nike and Disney join wave of companies that’ll cover employee abortion travel costs
JPMorgan Chase, the largest bank in America, and two athletic apparel giants with a significant presence in the Northwest have joined a host of companies saying they will cover the cost for employees who need to travel out of state for abortions. The U.S. Supreme Court on Friday officially reversed...
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June 24, 2022
A California REI Store is Looking to Unionize, Amid an Uptick in Retail Unions
Another REI store has started the process of organizing a union. A store in Berkeley, Calif. on Tuesday filed a request with the National Labor Relations Board to hold a union election. The group is looking for the company to voluntarily recognize them through the United Food and Commercial Workers Local...
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June 24, 2022
3D-Printed Protein Bars are Now a Thing You Can Buy
With over 420 unique combinations to choose from, you can personalize your protein consumption for how you like. But these flavorful curations aren't made in a traditional kitchen or factory, no. They're 3D-printed — yes you read that correctly. Gear Patrol
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June 24, 2022
The prize money of the Tour de France: Who earns what?
This year’s race sees a total money pot of €2,288,450 ($2.4m) being split between the various classification winners, stage victors, team prizes, intermediate sprints, and the rider who crosses the Tour de France’s highest peak first. Velo News
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June 24, 2022
New study explains why you can’t eat after a hard run
There is evidence to suggest that appetite may be suppressed after a hard workout, due to alterations in hunger hormones and metabolism. In a recent study in Nature, researchers at Stanford University, Baylor College of Medicine in Houston and elsewhere identified a metabolite molecule that’s released into the blood during...
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June 23, 2022
Bicycle insurance company Laka receives investment from Porsche Ventures
Laka has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG. This brings its Series A, led by Autotech Ventures and followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon, and ABN AMRO, to $13.5 million. bikebiz
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June 23, 2022
Nike latest brand to leave Russia permanently
Nike has announced plans to leave Russia, becoming the latest Western brand to quit the country since the invasion of Ukraine in February. The US sportswear giant halted online orders and closed the stores it owned in the country in March. BBC
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June 23, 2022
Vehicle of Texas woman wanted in murder of cyclist Anna Moriah ‘Mo’ Wilson is found, sold 2 days after killing
On Thursday, the U.S. Marshals Lone Star Fugitive Task Force announced they have located the black Jeep Grand Cherokee registered to Armstrong. Armstrong sold the vehicle on May 13, two days after Wilson’s death, to a CarMax dealership in south Austin for $12,200, the agency said in a news release. NBC
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June 22, 2022
Same county tops healthiest US community ranking for the third year in a row
Los Alamos County, New Mexico, has been ranked the healthiest US community for the third year in a row. However, the county and the four runners-up -- Falls Church, Virginia; Douglas County, Colorado; Morgan County, Utah; and Carver County, Minnesota -- all scored below average in the subcategory of housing. CNN
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June 22, 2022
INEOS and marathon runner Kipchoge to set up new cycling academy in Kenya
Cycling team INEOS Grenadiers have teamed up with marathon world-record holder Eliud Kipchoge to set up a cycling academy in Kenya as they look to tap into the renowned endurance of the local talent and create top level cyclists. Reuters
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June 21, 2022
2020 Summer Olympics Cost Tokyo $10.5B
The cost of the 2020 Tokyo Olympics has fluctuated since the city was named the Games’ host, but on Tuesday, the organizing committee released its final number: $10.5 billion, or 1.42 trillion Japanese yen. FOS
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June 21, 2022
Strava Launches Tour de France Hub with Routes/Segments/Rider Uploads
Back a few months ago, Strava teased an upcoming Tour de France hub that’ll allow you to track riders, stages, segments, and more – for both the men’s and women’s races this year. Today, that new hub launches ahead of the Tour de France starting next week. Albeit, since riders...
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June 21, 2022
Clif Bar bought in $2.9 Billion deal with Mondelēz
Global snack food company Mondelēz has revealed plans to buy Clif Bar for an astonishing $2.9 billion. Trading since 1992, Clif Bar has become a global nutrition business generating in excess of $800 million in sales, some of which are routed through the cycling market via distributors. Cycling Industry
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June 20, 2022
Boyfriend in fatal cycling love triangle slams ‘misleading’ police report
The boyfriend of fugitive yoga teacher Kaitlin Armstrong has denied claims he was having an affair with murdered cycling star Moriah “Mo” Wilson at the time of her death. Colin Strickland, 35, told The Sun that an affidavit released by law enforcement that implied he was romantically involved with Ms...
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June 17, 2022
The e-bike conversion market quietly revs up in the wake of the e-bike boom
A decade or more ago, before the industry pivoted and began pumping out e-bikes in all shapes, sizes, and price points, many e-bikes on American streets were DIY retrofits. Early adopters had to figure out how to install a motor and battery system themselves or find a shop to do...
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June 17, 2022
World’s Largest Bike Registry Fights Theft: This Is Garage 529
It’s not a new problem, but bike theft has reached epidemic proportions in recent years, with local police departments across North America and Europe reporting huge increases during the pandemic. Despite the longstanding awareness of this problem, there have been few novel ideas about how to curb bike thefts and...
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June 17, 2022
Tour de France: Covid-19 outbreak at Tour de Suisse raises concerns
A total of 29 riders did not start Friday's stage six in Switzerland, while 16 riders quit on Thursday following a Covid-19 outbreak; there are just two weeks to go to the opening stage of the Tour de France in Copenhagen. Sky Sports
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June 17, 2022
Reconditioned e-bike firm raises £20 million investment funding
Upway, a refurbished e-bike specialists, have secured Series A funding to the value of £20mn, led by investors Exor Seeds and Sequoia Capital. The Paris based business, founded in 2021 by Toussaint Wattinne and Stéphane Ficaja, both former senior executives at Uber, previously attracted £4.26mn in funding from Sequoia and...
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June 16, 2022
UCI changes transgender participation rules
The UCI governing body is changing two key metrics. First, it is increasing the “transition period” to low testosterone from 12 to 24 months. Second, it lowered the maximum permitted plasma testosterone level from the current level of 5 nmol/L to 2.5 nmol/L. The UCI said on Thursday it began reconsideration of...