Author: WattRider

In a significant move towards promoting sustainable urban mobility, Forest, a London-based shared bike operator, has secured €15.3 million in funding. This investment marks the first close of their Series B round and is set to fuel the expansion of their electric bike (e-bike) fleet and reinforce their commitment to environmentally responsible operations. This substantial financial boost not only highlights the growing confidence in micromobility solutions but also underscores the critical role e-bikes play in shaping greener cities. The Funding and Its Impact The €15.3 million investment includes a facility of up to €11.8 million in Asset-Backed Finance from Fintex…

The automotive industry is facing a significant shift as the US government implements new regulations targeting Chinese technology in vehicles. These rules, finalized in January 2025, have broad implications for automakers, particularly those with supply chains that heavily rely on Chinese components. Among those feeling the impact is Polestar, a Swedish electric vehicle (EV) manufacturer with strong ties to China, which is now actively seeking new suppliers to ensure its continued operation in the US market. The US Ban: What it Entails The Biden administration has finalized rules that effectively ban Chinese vehicles from the U.S. market due to national…

Electric scooters, or e-scooters, have become a common sight in many cities around the world, offering a convenient and eco-friendly mode of transportation. But just how many of these scooters are there, and what does the future hold for this rapidly evolving market? This article delves into the current statistics, market trends, and future projections of the electric scooter industry. Current Market Size and Growth The e-scooter market has experienced significant growth in recent years, driven by increasing urbanization, concerns about environmental sustainability, and the desire for convenient, short-distance travel options. Here’s a snapshot of the market’s current state: Global…

The global off-road all-terrain e-scooter market is experiencing significant growth, driven by increasing demand for versatile, eco-friendly transportation options. These rugged electric scooters are designed to handle a variety of challenging terrains, offering riders an exhilarating off-road experience. This article will explore the key drivers, challenges, and trends shaping this dynamic market, which is projected to reach US$2.4 billion by 2031. Market Overview and Growth Projections The off-road all-terrain e-scooter market is on a strong upward trajectory. It is projected to grow from US$1.8 billion in 2024 to US$2.4 billion by 2031, exhibiting a compound annual growth rate (CAGR) of…

In recent months, the use of electric bikes (e-bikes) has surged in popularity as people seek eco-friendly and convenient modes of transportation. However, this surge has also brought with it an increase in the use of illegal or modified e-bikes, posing safety concerns and prompting a strong response from law enforcement. Leicestershire Police have announced a significant intensification of their efforts to combat the issue, moving to the immediate seizure of illegal e-bikes and e-scooters in the city center. This article delves into the specifics of the crackdown, the legal framework surrounding e-bikes, and what this means for riders in…

The automotive market is experiencing a fascinating period of flux, with new car prices nearing record highs while electric vehicle (EV) sales from major manufacturers like General Motors (GM) and Ford are surging. This article explores the key trends driving these shifts, examining the factors behind rising transaction prices and the impressive growth in EV adoption. Average Transaction Prices Approach Record Territory New car prices in the United States have been on an upward trend, with the average transaction price (ATP) reaching $49,740 in December 2024. This figure is just shy of the all-time record of $49,958 set in December…

Forest, a London-based micromobility provider, is set to revolutionize urban transportation with the introduction of three new e-bike models. This expansion is backed by a substantial £13 million investment, marking a significant step in the company’s growth and commitment to sustainable mobility. New E-bike Models to Cater to Diverse Needs The fresh capital injection, the first close of its Series B funding round, includes £3 million from B8 Venture Partners and up to £10 million in asset-backed finance from Fintex Capital. This funding will enable Forest to add three new e-bike variants to its fleet in 2025: ForestCargo: Designed for…

The global electric scooter and motorcycle market is experiencing a period of rapid expansion, driven by growing environmental consciousness, advancements in battery technology, and supportive government policies. According to a recent report, the market is projected to reach a staggering USD 197.1 billion by 2033, a significant leap from USD 35.8 billion in 2023. This remarkable growth represents a compound annual growth rate (CAGR) of 18.6% between 2024 and 2033. This article delves into the key factors fueling this growth, regional trends, challenges, and the future outlook for this dynamic market. Market Growth and Key Drivers The electric scooter and…

President Donald Trump has wasted no time in his second term, immediately targeting electric vehicle (EV) policies put in place by his predecessor, Joe Biden. Trump’s actions, which include executive orders aimed at dismantling EV incentives and infrastructure projects, have sparked debate about the future of electric vehicles in the United States. While Trump is taking a firm stance, the question remains: How much power does he truly have to alter the trajectory of the EV market? Trump’s Executive Orders: A Shift in Policy On his first day in office, President Trump signed a series of executive orders designed to…

Tesla, a name synonymous with electric vehicles, is rapidly evolving beyond its automotive roots. While its pioneering role in the EV market is undeniable, the company’s ambitions stretch far beyond cars, encompassing sustainable energy solutions, artificial intelligence, and robotics. This article explores Tesla’s diverse ventures and how they position the company for a future significantly broader than just electric cars. Tesla’s Core Business: Electric Vehicles Tesla’s journey began with a vision to accelerate the world’s transition to sustainable energy, starting with electric vehicles. The company’s first car, the Roadster, debuted in 2008, followed by the Model S sedan in 2012,…