From a raw prototype developed as part of a final year degree piece, the Blaze Laserlight is now being manufactured in China and is backed by Index Ventures and the Branson family.
As the UK is increasingly swept up in Bradley Wiggins mania, Sheffield-based Planet X Bikes is gearing up for rapid growth on the back of a new funding package.
Accell Group, which owns bike brands including Hercules, Lapierre and Torker, has beaten off competition from the likes of industrial company Pon to land Raleigh.
Online cycling retailer Wiggle has been acquired by Bridgepoint in a £180 million deal that sees ISIS Equity Partners exit its five year investment in the business.
ISIS Equity Partners has paid £5.7 million for a stake in Fisher Outdoor Leisure, backing the bicycle parts and accessories distributor’s £13.5 million management buyout.
