USA fork manufacturer Fox Factory Holding is increasing its sales focus on the producers of ebikes. Fox CEO Larry Enterline sees many opportunities. “If you start going 30 miles an hour you’re going to want some suspension,” he said.
In recent years it seems that as a company, Shimano can do no wrong. Their sales and share price have grown strongly, and they recently announced a further nine percent growth in their bicycle division for the first nine months of 2013.
It seems that hardly a year goes by without the world of ever more sophisticated electronics resulting in a new product that impacts the daily lives of millions of people around the world. Google, smartphones, and iPads are a few examples that come to mind.
Tern Bicycles recently announced that it has closed a US$4.3 million round of investment from private investors. The funds will be used to accelerate global expansion as well as to ramp up investments in product development.