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Aventon takes control of Gocycle e-bikes.
JW Zhang, founder of US-based Aventon, now has control over UK-based Gocycle — the financially troubled maker of premium, fast-folding electric bikes. “Aventon is going to help Gocycle unleash its true potential and bring more exciting products to people in the future,” said an unidentified Aventon spokesperson speaking to Cycling Electric.
What comes next is unclear, but it should accelerate global expansion for both brands once the deal is settled, and finally make Gocycle’s CX lineup of electric folding cargo bikes a reality.
GoCycle bought by owner of leading U.S. e-bike label Aventon
[cyclingelectric.com]
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