Cowboy e-bikes rescued from collapse thanks to rescue deal

2 months ago 5

E-bike company Cowboy has secured short-term financing that would allow its operations to go back to normal after a period it describes as the "most challenging in [its] history." The company has revealed that it has signed a term sheet with a new partner, Rebirth, which it believes would pave the way for long-term stability. As The Verge notes, Rebirth is the parent of ReCycles, the prominent French manufacturer that took over bike assembly for Cowboy back in February.

For quite some time, the company's fate was up in the air. Cowboy explained that over the past couple of years, it has been hit by several problems that are plaguing the whole industry, in...

Source: https://www.engadget.com/transportation/cowboy-e-bikes-rescued-from-collapse-thanks-to-rescue-deal-123012537.html?src=rss

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