By Toby Hill
HEERENVEEN, Netherlands (BRAIN) — Accell Group announced Friday that it has increased its minority stake Velosophy to take over 100 percent ownership in the Dutch e-cargo bike company. Velosophy owns Babboe family cargo bikes, premium cargo brand CarQon, and Centaur Cargo, which specializes in B2B cargo bikes for “last mile” deliveries.
The Dutch group previously had a 35 percent stake in Velosophy.
“This acquisition is a significant step forward in our urban mobility strategy and bolsters our position in the market for e-cargo bikes,” Accell Group CEO Ton Anbeek said. “The focus of this strategy is not just on consumers, but also on the growing demand for smarter and cleaner mobility solutions for the delivery of parcels, shopping and meals in cities.
“The Velosophy team lives and breathes innovation and provides us with even more execution power in the international e-cargo bike market. Together we can make a real difference for both consumers and the business market in areas such as electric drives and safety, but also on specific e-cargo innovations such as battery capacity, road holding and cornering stability,” Anbeek added.
Babboe was founded in 2006 and offers a selection of electric and non-electric front-loading family cargo bikes sold in more than …read more