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7 electric bike stocks to consider investing in


Updated: February 27, 2024

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Bicycles certainly aren’t a new invention, but they’ve gone through a renaissance of sorts with the invention of electric bikes. Recent data shows that in 2023, e-bike sales were estimated to reach 40 million units worldwide, generating about US$20 billion in revenue. Additionally, the electric bike market is projected to reach $46.04 billion by the end of 2026, showing just how strong a force this industry could become.

If electric bike sales truly do take off, it could create some attractive investment opportunities for individuals. There are plenty of companies that either manufacture electric bikes outright or are otherwise involved in the industry.

We've compared different electric bike companies to see which ones are worth paying attention to as this market develops across the world.

Some of the best electric bike stocks to consider in 2024

Electric bike stock
Uber Technologies Inc.,
A rideshare company that offers electric bike rentals
Panasonic Holdings Corporation
A legacy electronics company that has ventured into e-bikes
Shimano Inc.
A top manufacturer of outdoor goods, including bike components
Lyft, Inc.
A rideshare company that now offers electric bike rentals
Vista Outdoor Inc.
Parent company of 30+ outdoor recreation companies, including an e-bike company
Halfords Group
A UK-based company that’s a leading producer of cycling and motoring products
Bird Global, Inc.
A popular electric scooter and electric bicycle rental company found in major cities

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Uber Technologies, Inc. (UBER)

Uber was founded in 2009 and went public in a well-publicized IPO in 2019. You probably know Uber as a rideshare company, but it also offers on-demand electric bike rentals. Users can locate a nearby bike using their Uber app. 

Panasonic Holdings Corporation (PCRFY)

Panasonic was founded in 1918 as Matsushita Electric Housewares and went public in 1971. Panasonic is a major Japanese multinational corporation headquartered in Kadoma, Osaka. It’s well known for producing all sorts of technology products, including audio-visual products, computers, batteries, and more.

More recently, the company has started rolling out their electric-assist bicycles. As a Japanese company, Panasonic stock trades over the counter in the U.S. (though it once traded on the NYSE). 

Shimano Inc. (SMNNY)

Shimano is a multinational manufacturing corporation that was founded in 1921 and is also headquartered in Japan. It produces a variety of outdoor products, including bicycle components that are used on a variety of models, including electric bikes. As a Japanese company, Shimano trades over the counter in the U.S. While its stock price has declined this year, it remains one of the top names in electric bikes.

Lyft (LYFT)

Uber isn’t the only rideshare company that has entered the electric bike market. Lyft has also begun offering electric bike rentals. And like their market competitor, customers can find nearby bikes to rent using the Lyft app.

Right now bikes are only available in a select number of North American cities. Lyft was founded in 2012, and the company went public in 2019, the same year as Uber. The company’s stock price is down from where it was a year ago, but is expected to rebound.

Vista Outdoor Inc. (VSTO)

Vista Outdoor is a manufacturer of outdoor sports and recreation products. The company was founded in 2014 and went public in 2015. Vista Outdoor is the parent company of more than three dozen different sporting goods brands.

In 2021, Vista acquired the electric bicycle brand QuietKat. Vista’s stock price has seen major growth over the past five years, and is only down slightly over the past year (like many companies).

Halfords Group (HLFDY)

Halfords Group was founded in 1892 in the United Kingdom. The company is one of the United Kingdom’s leading providers of motoring and cycling products and services, and is an international name in bicycles. The company has retail stores in the United Kingdom, but also offers online sales. As a European company, Halfords Group trades over the counter in the U.S. After a difficult time in 2020, the company has bounced back in a big way since then.

Bird Global, Inc. (BRDS)

Bird Global was founded in 2017 and went public in late 2021. Bird is a micro-mobility company based in Miami, Florida that’s known for its electric scooters that are available for rent.

The company now also offers electric bikes, which anyone can rent using the Bird app. The company’s stock price has gotten off to a bit of a rocky start. In the year and a half since it went public, its stock price has fallen considerably. However, it leveled off in late 2022 and is expected to rise in 2023.

Other ways to invest in electric bikes

Investing directly in electric bike stocks is just one way you can invest in electric bikes, but it’s not the only way.

Another great way to invest in electric bikes is by investing in mutual funds and exchange-traded funds (ETFs). While you won’t find many funds specifically designed for electric bike stocks, there are plenty of funds that include some or those companies.

Another thing to consider is the overlap between the electric vehicle industry and the clean energy industry. More people using these bikes can decrease our reliance on vehicles, which helps the environment. As a result, you may find some of these companies in environmental, social, and government (ESG) funds or robo-advisor ESG portfolios.

Learn more about ESG investing here.

The bottom line: Should you invest in electric bikes?

Electric bikes have become increasingly popular in the past several years for a variety of reasons. First, as environmentalism becomes an urgent priority, many people are looking for more sustainable ways to get around other than their cars. Electric bikes offer a compact, convenient and easy way to get around — emitting a fraction of the emissions of cars.

Additionally, electric bikes have gained popularity with the help of companies like Uber, Lyft, and Bird. They've made it easy for people to rent these bikes. And with more people looking for outdoor recreation activities over the past couple years because of the pandemic, it’s easy to see why electric bikes are having such a moment.

Of course, that doesn’t mean electric bikes are a fail-proof investment. Like other industries, many companies in this one have gone through some volatility in recent years. And with so many companies to choose from, it can be difficult to know which ones will fail and succeed. For that reason, it may be wise to invest in ETFs and mutual funds that include electric bike companies rather than trying to pick winners and losers by investing in individual companies.

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Electric bike stocks FAQs

  • What factors should I consider before investing in electric bike stocks?


    Look at market trends, consumer adoption rates, and governmental policies supporting eco-friendly transportation. Also, evaluate company fundamentals, innovation capabilities, partnerships, and market share.

  • How does the growth potential of electric bike companies compare to other sectors in the green technology space?


    The electric bike market has significant growth potential, particularly in urban areas focusing on sustainable transportation. However, it competes with other green technologies like electric vehicles (EVs) and public transit solutions, where investment and innovation are also robust.

  • What risks are associated with investing in electric bike companies?


    Risks include market competition, technological obsolescence, regulatory changes, and potential supply chain disruptions. Economic downturns can also impact consumer spending on non-essential goods.

  • What are the technological advancements driving the electric bike industry?


    Advances include improvements in battery technology, motor efficiency, and smart connectivity features, enhancing the user experience, range, and reliability of electric bikes.

  • How do regulations and government policies in different countries affect electric bike companies?


    Regulations can significantly impact operations, from safety standards and usage restrictions to subsidies for eco-friendly transportation modes. Supportive policies can encourage adoption, while restrictive ones may hinder market entry or expansion.

Erin Gobler Freelance Contributor

Erin Gobler is a freelance personal finance based in Madison, Wisconsin. After seven years working in state politics, she left to pursue writing full-time. Now she writes about financial topics including mortgages and investing.


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