Industry News That Moves Micromobility Forward

As cities seek sustainable transport solutions, cargo bikes are gaining traction. In 2022, cargo bike sales surged by 25% globally, with fleets expanding in urban areas to reduce congestion and emissions. With funding initiatives supporting micromobility, cities are investing in infrastructure to accommodate these versatile vehicles. Expect to see more cargo bike options as manufacturers innovate to meet growing demand.

Recent studies show that cities investing in micromobility solutions, such as cargo bikes, can reduce urban congestion by up to 30%. With funding from government initiatives and private sectors, fleets of electric cargo bikes are set to increase by 50% over the next two years. This shift not only enhances last-mile delivery efficiency but also supports sustainable transport goals. Source: news.google.com

The recent ruling adds up to 50% tariffs on steel used in e-bikes, including e-cargo bikes and electric motorcycles. This decision, part of the Trump administration's Section 232 tariffs, affects numerous import codes, potentially raising costs for manufacturers and consumers alike. The implications for the micromobility sector could be significant, as pricing structures adjust to accommodate these new expenses.

Park Tool has launched the ASF-1 repair stand clamp, designed to accommodate non-standard frames, including moto-style e-bikes. This innovative clamp features a rotating crossbar and two adjustable 12-inch support forks, allowing for versatile configurations to support a range of bicycles, including trikes and cargo bikes. This development is set to improve maintenance efficiency for diverse micromobility fleets.

Merida Industries and Ideal Bike have reported first-half losses, attributing this to the strengthening Taiwan dollar against global currencies. The exchange rate challenges have also affected other major players like Giant and Shimano. As the micromobility sector evolves, these financial pressures highlight the need for strategic adjustments in production and pricing.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue slid 18% year-over-year with retail and online channels decreasing 19% and 16% respectively. Total revenue for the quarter ending June 30 was $153 million, down from $186 million at the same time last year. Retail channel revenue was $111 million and GoPro.com revenue, including subscriptions and services, was $41 million. GoPro founder and CEO Nicholas Woodman said the company will "launch a broader, more diversified suite of...

The cargo bike industry faces a significant oversupply crisis, driven by short-sighted decisions from suppliers, dealers, and manufacturers. This misalignment has led to excess inventory and financial strain across the sector. As the market evolves, stakeholders must adopt a more strategic approach to ordering and production to ensure sustainability and growth.

The Paketposthalle in Munich has unveiled a new municipal cycle logistics hub designed to streamline cargo and delivery traffic by bike. This facility aims to enhance urban mobility, reduce congestion, and promote sustainable transport solutions. With a focus on efficiency, the hub will support local businesses and contribute to the city's climate goals. Source: news.google.com