French Electric Bike Startup Faces Financial Ruin. Will They Survive?
### The Rise and Fall of Angell Bikes The French electric bike startup Angell is on the brink of financial collapse and plans to announce insolvency shortly. Launched in 2019…
Electric bikes, often referred to as e-bikes, are bicycles that are equipped with an electric motor to assist with pedaling. This motor is powered by a rechargeable battery, which can significantly enhance the rider’s ability to travel longer distances with less effort. E-bikes come in various styles, including those designed for commuting, recreation, and off-road use.
The electric motor can provide assistance in different ways, typically allowing the rider to choose the level of support they receive from the motor, often referred to as pedal-assist. Some e-bikes may also include a throttle, enabling the rider to propel the bike without pedaling.
E-bikes generally fall under specific regulations regarding speed and motor power output, which can vary by country or region. They are popular for their eco-friendliness, reducing carbon emissions compared to traditional vehicles, and can help promote a healthier lifestyle by encouraging more people to cycle. Additionally, e-bikes can help alleviate traffic congestion and provide a convenient transportation option in urban areas.
### The Rise and Fall of Angell Bikes The French electric bike startup Angell is on the brink of financial collapse and plans to announce insolvency shortly. Launched in 2019…