BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
July 27, 2021
Hyperice Enters the Mental Wellness Space With Acquisition of Core; Creates a New Mind Technology Division to Evolve Hyperice’s Focus Beyond Physical Wellness
IRVINE, Calif.--(BUSINESS WIRE)--Hyperice, the industry leader in recovery technology and pioneer of percussion, vibration, dynamic air compression and thermal technology, today announced the acquisition of Core, a mental wellness company that invented the first meditation training device and app of its kind. The acquisition highlights Hyperice’s commitment to mental wellness as...
July 27, 2021
Asics Invests In Insole Maker
Asics has taken an unspecified stake in healthcare startup, Japan HealthCare Co., Ltd., which makes custom insoles working from photos of feet taken by smartphone. SGBMedia
July 27, 2021
Velocity Indoor Cycling App Announces Partnerships with Sebastian Weber and INSCYD
Highland Park, Illinois, July 27, 2021 - Vision Quest Velocity LLC, a performance-driven cycling app, has added Sebastian Weber of INSCYD GmbH, to join founder and former professional cyclist Robbie Ventura as Metabolic Integration and Training Consultant. The addition of Weber and the partnership with INSCYD brings together state-of-the-art metabolic...
July 27, 2021
National Forest Foundation and U.S. Forest Service Finalize 20-Year Master Stewardship Agreement
Missoula, MT (July 27, 2021)- The National Forest Foundation (NFF), a congressionally-chartered nonprofit, finalized a 20-year Master Stewardship Agreement (MSA) with the U.S. Forest Service, Tahoe National Forest (TNF), and Lake Tahoe Basin Management Unit (LTBMU). This is the first 20-year MSA between the NFF and the Forest Service, and...
July 27, 2021
Shimano earnings up; bike division not impacted by part shortages
Shimano only briefly mentioned the global bicycle part shortages in a typically terse first-half financial results announcement, which reported that sales in its bicycle product division were up 73.4% in the first half of its fiscal year, compared to the same period in 2020. Operating income in the bicycle division...
July 27, 2021
USA Cycling Inclusion Conference Slated for September 10-11, 2021
July 27, 2021 (COLORADO SPRINGS, CO) - USA Cycling, in conjunction with industry partners, sports advocates, and inclusivity experts, have set September 10 and 11 for the inaugural Cycling Inclusion Conference. The target audience for the conference is cycling industry representatives, with a view to educate, inform and collectively stand...
July 27, 2021
Elite Launches the Rizer
FONTANIVA, ITALY — Elite is proud to release the latest addition to their indoor cycling ecosystem: the RIZER. Elite’s gradient simulator with steering is designed to give cyclists the most immersive riding experience as they work every muscle on their trainer and blast the world’s steepest climbs. MAIN FEATURES Inclines...
July 26, 2021
Velocity Indoor Cycling App Secures $3.4 Million in Seed Funding
Highland Park, Illinois, July 26, 2021 - Vision Quest Velocity LLC, an early-stage virtual cycling start-up, announced it has raised $3.4M in seed round funding. The investment round was led by strategic financial partners. Velocity will leverage the more than 20 years of experience and knowledge from Vision Quest Coaching...
July 25, 2021
iFIT Acquires 29029, the Premium Ultra-Endurance Event and Community That Brings the Experience of Climbing Mount Everest to its Members Around the World
(LOGAN, Utah) iFIT, a global leader in connected fitness software, content, and equipment, today announced that it has acquired 29029, the company that created the category of endurance hiking events. 29029 delivers the experience of climbing Mount Everest to its members and provides the ultra-endurance experience to athletes at all...
July 23, 2021
Obé Fitness, Nets $15 Million in New Investment as Samsung Next, Athleta and Actress-Comedian Tiffany Haddish bet on Home-Fitness
Even as people return to the gym, digital fitness businesses like Obé think they can expand. Its Disney tie-ins help. Athletech News