The pandemic is giving e-bikes a boost

published 01.08.2020 02:00

VanMoof, which raised $13.5m from investors in May, bills itself as the Tesla of e-bikes.

Brompton, a British maker of fancy folding bikes, has been making 10% of its £42.5m ($56m) in annual sales from the electric sort, and hopes eventually to raise that figure to 40%.

In June revenue at Accell, Europe’s biggest bicycle manufacturer, was 53% higher than a year ago, largely thanks to e-bikes.

Electric shock The pandemic is giving e-bikes a boost Two wheels good.

Giant says that its gross margin on e-bikes is around 25%, above its average of 21%.

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