After TCS announced the acquisition of a 10% stake in velocorner AG on March 1, 2022, Switzerland's largest mobility club is now acquiring a majority stake in Switzerland's largest online bicycle marketplace. As the bicycle is becoming an increasingly important means of transportation, the TCS intends to further expand its services in the bicycle sector. By investing more in bicycle mobility, TCS can also expand its offering in the area of non-motorized traffic. This acquisition is therefore also part of a historical continuity, as the TCS was founded in Geneva in 1896 by cyclists who wanted to promote two-wheeled mobility even back then.

On the online platform velocorner.ch, the latest bikes as well as used and last year's models can be offered for sale. Private sellers and interested parties as well as specialist dealers use this platform equally for buying and selling. velocorner.ch has been operating successfully since 2018 and is currently the country's largest online bike marketplace with over 40,000 bikes listed and more than 400 specialist bike dealers in all language regions of Switzerland.

"Together with velocorner.ch, we want to further intensify our collaboration with specialist bike retailers and continue to promote cycling for both commuters and sports enthusiasts. Especially in urban areas, we can make a difference together," says Bernhard Bieri, Director of the Club Division at TCS, optimistically.

"Under the umbrella of Switzerland's largest mobility club, our innovative platform not only gains a lot of additional reach, but also creates further important added value for its users. Together, we are creating something for bicycles that has long been standard in the automotive sector and establishing something unique for the local market," says Ciril Stebler, co-founder and CEO of velocorner AG.

Source: Press release