In this week’s news, Cannondale has announced a new e-bike model, the Moterra Neo EQ. Aimed at riders who need a versatile, do-it-all e-bike, the Moterra Neo EQ is equally at home on the trail and city streets. Designed to be a stylish, practical ride, the Moterra Neo EQ features top-shelf componentry and an impressive 109-mile range.
Meanwhile, Fluctuo has released its European Shared Mobility Index (ESMI) and predicts that the shared vehicle markets will continue to flourish through the remainder of 2022.
Aviva, the British multinational insurance company, released new data this week reporting yet another increase in electric bike thefts. With the ninth increase in just five years, it’s more important than ever to secure your e-bike when you’re done riding and review your homeowner’s policy to ensure that it provides sufficient coverage.
Also this week, we learned about Lime’s suspension of its electric scooter operations in South Korea and a new crowdfunding campaign launched by Denver fat tire e-bike maker, FattE-Bikes.
And now for this week’s personal electric vehicle news, brought to you by Recharged Rides:
Cannondale has announced the launch of its new Moterra Neo EQ electric mountain bike.
Designed to provide the ultimate in versatility, the Moterra Neo EQ is a well-equipped e-bike that features an integrated rear rack and lighting, mudguards, kickstand, and more. Powered by a Bosch Performance Line CX motor and Bosche PowerTube battery, the Moterra Neo EQ is capable of delivering up to 109 miles of range on a single charge.
An eMTB that can do double duty as a city commuter, the new Moterra New EQ was designed for daily commutes, e-bike touring, and trail riding fun.
The Neo EQ will be available in four frame sizes (SM, MD, LG, and XL) and two colors (Agave, and Black Pearl).
European Shared Mobility Index predicts that the growth in shared mobility will continue into 2022.
Fluctuo, a European provider of mobility services, has released its European Shared Mobility Index (ESMI). The index provides a snapshot of the market each quarter of 20 cities across Europe including cities in Germany, France, Italy, Spain, Poland, Netherlands, Czech Republic, Ireland, Portugal, UK, Sweden, Norway, Austria, and Denmark.
The ESMI includes analyses of the shared bike, scooter, moped, and car markets.
According to the report, 2022 will be an “industry-defining year” and Fluctuo expects solid electric scooter ridership growth to continue throughout 2022.
Aviva released new data this week on the number of e-bike thefts reported by its customers. Comparing the number of reported thefts of electric bikes between 2016 and 2021, the insurer reported nine increases in five years. Claim amounts are also on the rise, skyrocketing from £1,500 in 2016 to around £2,000 today.
Aviva recommends that e-bike owners review their insurance policy to make sure that it provides suitable coverage for their needs.
Unfortunately, as electric bikes continue to enjoy more widespread adoption, this trend will likely continue into the foreseeable future.
On the heels of last week’s news that Lime is rolling out a new fleet of shared electric bikes in California, we get news that the company is temporarily shutting down its electric scooter operations in South Korea.
The well-known micromobility service blamed the problem on South Korea’s “chaotic scooter environment”. While the scooter-sharing industry is clearly growing, the regulatory landscape remains a bit unclear and Lime expressed frustration with regulatory hurdles and a large number of scooter operators with uncontrolled fleet sizes in Seoul, the nation’s capital.
A company spokesperson commented, “As the Korean e-scooter market continues to develop, we hope to return with our newest hardware so riders can enjoy the best possible program.”
Denver-based electric bike enterprise FattE-Bikes is officially entering the crowdfunding market.
Founded in 2017 by Victoria Brunner and Kenny Fischer, FattE-Bikes is Denver’s first electric bike company and the brand is well-known for its high-quality, built-in-the-USA fat tire electric bikes.
As part of the company’s expansion plan, FattE-Bikes is now seeking like-minded investors who want to become part-owners of its growing business.
The fat tire e-bike industry continues to flourish with the majority of today’s electric bike companies jumping on the bandwagon. Unlike most other brands, however, FattE-Bikes does not outsource the manufacturing of its e-bikes to factories in Asia. With a vision of creating local jobs and providing industry-leading quality control and customer service, FattE-Bikes is blazing a different trail and one that’s resonating with many riders.