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HomeCyclingBig buys bankrupt Levels Biking for $20 million, months after submitting lawsuit...

Big buys bankrupt Levels Biking for $20 million, months after submitting lawsuit – what subsequent for each?



The world’s largest bike firm, Big Bicycles, has accomplished the acquisition of good tech model Levels Biking for a reported $20.1 million, simply months after the previous filed a lawsuit towards the latter.

Levels Biking, recognized for its energy meters, good stationary bikes, and GPS items, stopped operations in April 2024. On the time, one other Big division, AIPS TECHNOLOGY CO., LTD, filed a go well with towards Levels for $14 million in unpaid payments. Within the shake-up, 4 outstanding Levels Biking group members joined Big, partly to spearhead the launching of Spia, Inc.

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