News Topics
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
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
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
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
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
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
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...
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
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...
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...