šŸ’„Biker Gangs Gone Legit!

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Hey VentureTaler - It’s Alex!

Welcome to our 16th VentureTale. If you only have 4 minutes and 36 seconds to read, don’t worry it’s enough!

The Industry

Ever hopped on a bike lately? You're not alone. Europe's cycling scene is trending like R&B in the early 2000s – but in true European fashion, it's complicated. While 29% of EU citizens pedal weekly, the numbers swing wildly from a whopping 71% in the Netherlands to a measly 3% in Malta. Talk about a split! 🚓 

Governments are finally catching on, though. The 2024 European Declaration on Cycling (sounds fancy, right?) came with a cool €3.2 billion in funding to make cycling a primary transportation option, not just something you do on weekends in spandex.

But here's where things get interesting. While traditional bike manufacturing took a nasty 24% nosedive in 2023, e-bikes are absolutely crushing it, with the market expected to hit €21.28 billion by 2025. One foot on the brake, one on the accelerator. 😁

Also, remember that COVID cycling boom? When everyone and their grandmother suddenly discovered bikes to avoid packed buses? Cities went bike-lane-crazy:

  • Sales jumped 22% in 2020-2021

  • Berlin and Milan scrambled to paint pop-up bike lanes everywhere

  • Cycling shares increased by up to 48% in some cities

  • Everyone on Instagram suddenly became a "cycling enthusiast"

Tour De France Cycling GIF

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