Plus Cube’s Six New and Refreshed Models, the Mineral Belt Trail in Leadville, Trivia Is Back, & More!
This week’s e-bike news starts on a heavy note. New Jersey’s new licensing, registration, and insurance requirements took effect on July 19th, and bike shops across the state are reporting sales drops of 20 to 90%. One owner told NJ.com he sold over 50 Class 1 e-bikes last year and four this year. Around a dozen shops have already closed. What are shop owners asking the legislature to do about it?
On the other end of the spectrum, ALSO has finally started shipping the Launch Edition of its TM-B to customers who pre-ordered months ago. The Rivian spinoff also closed a $150 million Series D round led by Prysm Capital, and it plans to put that money toward autonomous urban vehicles built on the same platform. We got a brief ride on the TM-B at Sea Otter this year, so where does it go from here?
Accell Group, the Netherlands-based conglomerate behind Raleigh, Lapierre, and Haibike, has been declared bankrupt by a court in Amsterdam. Raleigh and Lapierre are each making moves to survive on their own, and an Irish investment firm run by a former national team racer has expressed interest in buying the group. Can a deal come together in time for Accell’s 2,000-plus employees? Cube also announced four new e-bikes and two redesigned models, including a pair of lightweight urban bikes running Bosch’s new Hub Line rear-hub motor. That last part caught our attention more than anything else in the release.
This Week’s E-Bike News Headlines
New Jersey Bike Shops Report Sales Drops of Up to 90% Under the State’s New E-Bike Laws

Image Source: Zippy’s
Back in March, New Jersey passed a law requiring every e-bike rider in the state to hold a license and every e-bike to be registered. Class 2 and Class 3 e-bikes also have to be insured. The law took effect on July 19th, and according to NJ.com, the shop owners it interviewed are reporting sales declines between 20 and 90%.
Mike Grotz, who owns Cyclesport in Park Ridge, put it plainly: “It has had a chilling effect on the legitimate e-bike industry. We sold over 50 Class 1 e-bikes last year, this year, a total of 4 e-bikes.” Scott Chambers of Zippy’s Bike in Wildwood said his e-bike sales are off 90% year to date and that rentals have fallen just as far. “Perception is reality, and everyone thinks they are banned in NJ,” he said. “Our state has failed every bike shop in NJ. We were a struggling industry before this. Now they are breaking us. Many of us won’t make it till Christmas.”
The problems go beyond slow foot traffic. Shops are sitting on inventory they can’t sell or return, and some customers have brought e-bikes back after learning what the law requires of them. Jason Fenton, the owner of Halter’s Cycles in Montgomery, reported a 20% drop and explained that when his staff walks customers through the registration and insurance rules, most of them either refuse to comply or decide against buying an e-bike at all.
Shannon Connor, a partner at Jesse’s Rides in Shrewsbury, pointed out that the law hits riders with medical issues especially hard, since many of them buy throttle-equipped e-bikes to get around and may not be able to obtain a license in the first place. Jesse’s Rides shut down its rental business entirely because the registration process for rental bikes proved too difficult, laid off two employees, and downsized to cut overhead. Sales there are down 44% during the stretch of the year that matters most. “We have 90 days to make our money,” Connor said. “They could have fixed this before July 1 and didn’t. They’ve put bike shops out of business.”
Sandy Chapman, co-founder of the New Jersey E-Bike Shop Coalition, has heard from other shops seeing sales fall 30 to 60%, and estimates that roughly a dozen bike shops have already closed. Owners have been contacting state legislators about amending or replacing the law, but no bills with alternative proposals are currently in front of the legislature. The consensus among shop owners is that Class 1 and Class 2 e-bikes should be exempt, and that the state would get better results by funding bicycle safety and skills training at the community level.
Our Take: We support changing or replacing this law, and we’d go a step further. These requirements make sense for mobility devices capable of exceeding 28 mph. They do not make sense for a Class 1 pedal-assist bike that tops out at 20. Other states are already writing definitions that separate high-speed electric devices from e-bikes, and that’s the approach New Jersey should be taking. Right now the state has managed to scare off the customers who were buying legal, compliant bikes from legitimate shops, while the riders causing the problems keep doing what they were doing.
Rivian Spinoff ALSO Begins TM-B Shipments and Secures $150 Million in New Funding

Image Source: ALSO
After months of delays, ALSO has started shipping the Launch Edition of its TM-B e-bike to customers who pre-ordered it. The company has also opened pre-orders on the Performance and Standard models, both of which can be configured on ALSO’s website with different handlebar, tire, and seat options.
Alongside the shipping news, ALSO closed a Series D round worth $150 million. The National Association of Tax Professionals describes this kind of round as late-stage funding that follows earlier rounds, often reaching into the hundreds of millions, raised at a point when a company has proven its business model, built a customer base, and is generating real revenue. Prysm Capital led the round, with participation from Eclipse, Greenoaks, and MVP Ventures.
The money is going toward autonomous vehicles for urban environments. ALSO plans to build multiple platforms capable of carrying both goods and passengers, and it’s working with Amazon and DoorDash on autonomous delivery vehicles. Those vehicles will build on the technology already in the TM-B and the company’s commercial quad, the TM-Q.
Chris Yu, ALSO’s President and co-founder, said, “Whether a vehicle is driven or autonomous, the need to solve for congestion and cost per trip doesn’t change. This is exactly why we started ALSO — to deliver well designed, intelligent small vehicles better suited for today’s urban and suburban centers.” Prysm co-founder and managing partner Jay Park framed the investment as an extension of his firm’s early bet on Rivian, saying ALSO is applying the same vertically integrated approach to smaller vehicles for commercial operators and consumers.
Our Take: We rode the TM-B briefly at Sea Otter this year and came away impressed, so it’s good to see bikes finally reaching customers. We’re hoping to get one into our warehouse and through our standardized performance tests before long. The funding is a different story, but it makes sense. Autonomous vehicles are still finding their footing, and it looks like that’s the direction things are heading. ALSO has a strong foundation with the TM-B, and building outward from that platform is a reasonable next step.
Accell Group Declared Bankrupt, With an Irish Investment Firm Circling

Image Source: Bike Biz
Accell Group, the Netherlands-based company behind Raleigh, Lapierre, Haibike, and other brands, has been declared bankrupt by a court in Amsterdam. The group also used to own titanium brand Van Nicholas and Nishiki, both of which it sold earlier this year to an Italian and a Turkish company, respectively.
The trouble started after a private equity group bought Accell in 2022. Sales declined once the pandemic boom faded, leaving the company with a mountain of unsold inventory, and it also had to issue a recall on Babboe cargo bikes. Accell reported a loss of nearly 400 million euros last year. The private equity group handed control to Accell’s creditors in February, the company stopped paying suppliers, and the bankruptcy declaration followed this month. A factory in the Netherlands closed last year, and NLtimes reports that the group’s Hungarian factory has now shut down as well.
Raleigh and Lapierre are both trying to get out from under it. Raleigh has filed a notice of intention to appoint administrators, which buys it a short window of legal protection to restructure or find a buyer. Lapierre filed for judicial reorganization through a French commercial court while it looks for an investor. A takeover by DuTech Group fell apart in early summer.
There may be a path forward. Quanta Capital, an Irish investment firm, has expressed interest in buying Accell. Quanta’s CEO, Mel Sutcliffe, has deep roots in the industry. He raced for the Irish national cycling team in the 80s and 90s, founded the Irish retailer Eurocycles, and bought and grew Raleigh Ireland before selling it to Accell in 2016.
Our Take: Whether Quanta follows through is anyone’s guess, but we’re rooting for it. Watching bike brands go dark never gets easier, and Accell owns names that have been around a lot longer than most of us. More than the badges, there are over 2,000 employees attached to this company. We’d like to see a buyer who understands the industry keep them working.
Cube Announces Four New E-Bikes and Two Redesigned Models

Image Source: Cube
Cube’s new lineup includes the Editor Hybrid Pro 360 FE, Editor Hybrid One 360 FE, Supreme Hybrid C:62 Deluxe SLX, and Supreme Hybrid C:62 Deluxe SLT. The names are a mouthful, but the bikes are worth a look.
The two Editor models are lightweight urban e-bikes running Bosch’s new Hub Line rear-hub motor with 45 Nm of torque and a 360 Wh Powertube battery. Previous versions of these bikes used mid-drives only, so the hub motor brings the price down. The “FE” stands for fully equipped, meaning fenders, pannier hangers, and integrated lights. The Hybrid Pro 360 FE uses a single-speed drivetrain with a Gates Carbon belt and weighs 19.2 kg, or 42 lbs. The Hybrid One 360 FE runs an 8-speed Shimano Essa drivetrain and weighs 20 kg, or 44 lbs. Both come in high-step and mid-step (trapeze) frame styles.
The Supreme Hybrid C:62 Deluxe models step up to a Bosch Performance Line CX mid-drive with 100 Nm of torque and a 600 Wh battery. The SLX has a step-thru carbon frame, a Gates belt drive paired with an Enviolo CVT, a 50mm SR Suntour fork, a rocker-style suspension seatpost, integrated lights, fenders, a wheel lock, and a cargo rack. The SLT adds Enviolo’s AutomatiQ system and Bosch anti-lock brakes.
Cube also redesigned the frames on its Fold Hybrid and Compact Hybrid e-bikes. The Fold Hybrid gets a new folding mechanism and an integrated carry handle, and both models include rear racks with the option to add front racks. Each is available in a Deluxe trim with a Gates belt drive.
Our Take: Cube is a German company, so availability in the US is limited, though there are dealers here for anyone determined enough to track one down. Whether these specific models make it over is a coin flip. What we really want is Bosch’s new rear hub motor. A 45 Nm hub unit in a sub-45 lb urban bike opens up a price point that Bosch hasn’t really played in before, and we’d love to see what US brands do with it.
You Asked, We Answered. Questions Covered In The Weekly Recharge
- Why do we keep using the term “SUV-style” to describe e-bikes like the Specialized Turbo Vado 3 X?
- What did we mean when we said the Vado 3 X’s brakes don’t translate well to our standard brake test?
- Why don’t our reviews compare each bike to its closest competitors?
- What are the differences between the Specialized Turbo Vado 3 X 4.0 and the Turbo Vado 3 EVO 5.0, beyond full suspension versus a suspension seatpost?
E-Bike Deals Found This Week
- Velotric
- Velotric GoMad — $1,999 with either the Passenger Kit or Young Passenger Kit included free — up to $285 in savings on a customizable, off-road-friendly utility e-bike.
- Lectric
- Lectric XPedition2 Dual-Battery — $1,699 with the Orbitor handrail attachment included — $100 off the bike, plus a free accessory that’s usually reserved for the top-end model.
- Heybike
- Heybike E-Bike + Accessories Bundle — Pick an e-bike model, then choose any 3 accessories for $99 — lights, panniers, pet baskets, locks, racks, mirrors, and more.
- Mokwheel
- Mokwheel Anniversary Battery Sale — Spare batteries from $200 to $300 — add a helmet to any bike purchase for $9.99.
Make sure to tune in to the full episode to see the e-bike trail system highlight and rider of the week! Want to be featured in future episodes? Comment on any YouTube video or page of the website, or send to [email protected].

















