As the popularity of cycling soars in France, a growing number of companies are giving employees the chance to ditch driving in favor of a greener, healthier alternative: the company bike.
The number of cycling commutes rose by 15 percent last year, thanks in part to electric bikes, the COVID-19 pandemic and schemes designed to make cycling more accessible to employees.
For Remi Tricaud, 44, who works for an IT company near the southeastern city of Lyon, the prospect was so enticing that he decided to give up his car altogether.
Photo: AFP
He said that his old commute would often take him 40 minutes, “whereas now, even when it’s raining, I’m 20 minutes away all the time.”
“When you know the way, you can go via nice places,” he added.
The company he works for, Coexya Group, has a fleet of 120 bikes available to its employees across France, an increase from 75 in 2021.
Tricaud pays 35 euros (US$37) a month to hire a bike, which includes insurance and anti-theft protection.
He also receives an allowance of 120 euros spread over three years for related equipment such as panniers. The bikes are all electric models that are leased long-term from the distributor Cyclable and serviced every three months at the Coexya site.
Tricaud said he did not have to carry out his own maintenance on the bike, which was a big incentive to get behind the handlebars.
Coexya administrative and financial director Leila Julien said that the company was using the cycle-to-work scheme to try to attract new recruits.
“Our employees are young and either don’t have a driving license or don’t have a car. Our area is poorly served by public transport, and as we’re in a very tight job market, we’ve sought to be more attractive,” she said.
“We want our employees to work on fulfilling projects, and if we can make life easier for them on the side, we have to do it,” she added.
However, the example of organizations such as Coexya should not obscure the fact that company bikes are still a relatively niche market in France, Federation of Bicycle Users project manager Louis Duthoit said.
While Germany has 1 million bikes in circulation, France only has “10 to 20,000, according to estimates by service providers,” he said, referring to “velos de fonction” — bikes employees rent from their companies to travel to work.
However, a number of start-ups have seized the moment, such as Tandem, which manages 1,000 bikes for 80 companies and has seen sales more than double every year since 2020.
The Paris-based provider acts as an intermediary — buying the bikes from manufacturers or distributors and renting them to client companies, while negotiating local delivery and maintenance. “The employee gains access to a bike worth an average of 2,000 to 2,500 euros, which he or she would not necessarily be able to afford,” Tandem CEO Arthur de Jerphanion said.
As well as renting company bikes, many in France have been inspired to buy their own, attracted by the physical and environmental benefits.
“For more than 10 years now, cycling has been enjoying double-digit growth,” said Sophie Rapinel, cycle routes and tourism department head at the Velo et Territoires network.
The market is worth several billion euros and more than half of French households now own at least one bike, the Society and Consumption Observatory (ObSoCo) said.
“I really enjoy cycling. I’m sure it’s much better for my health. Physical health, but mental, too,” said Cecilia Rousselot-Denis, who cycles 13km every day to work in the central city of Tours.
“I’m in my closed office, but I can see the seasons. Every morning I discover little things that you don’t take the time to see in the car. Psychologically, it does me a lot of good,” the doctor added.
However, the growing number of bike enthusiasts also raises the question of infrastructure, with ObSoCo saying that just under half of French cyclists have access to cycle paths on most of their journeys.
A plan presented by French Prime Minister Elisabeth Borne in May set a target of creating “100,000km of cycle paths by 2030,” which is double the current amount.
The initiative could also be a boost to France’s goal to overtake Germany as the world’s leading destination for cycle tourism.
Sales generated by cycle tourism in 2020 were estimated at 4.6 billion euros, the French Directorate General for Enterprise said.
GROWING OWINGS: While Luxembourg and China swapped the top three spots, the US continued to be the largest exposure for Taiwan for the 41st consecutive quarter The US remained the largest debtor nation to Taiwan’s banking sector for the 41st consecutive quarter at the end of September, after local banks’ exposure to the US market rose more than 2 percent from three months earlier, the central bank said. Exposure to the US increased to US$198.896 billion, up US$4.026 billion, or 2.07 percent, from US$194.87 billion in the previous quarter, data released by the central bank showed on Friday. Of the increase, about US$1.4 billion came from banks’ investments in securitized products and interbank loans in the US, while another US$2.6 billion stemmed from trust assets, including mutual funds,
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
JOINT EFFORTS: MediaTek would partner with Denso to develop custom chips to support the car-part specialist company’s driver-assist systems in an expanding market MediaTek Inc (聯發科), the world’s largest mobile phone chip designer, yesterday said it is working closely with Japan’s Denso Corp to build a custom automotive system-on-chip (SoC) solution tailored for advanced driver-assistance systems and cockpit systems, adding another customer to its new application-specific IC (ASIC) business. This effort merges Denso’s automotive-grade safety expertise and deep vehicle integration with MediaTek’s technologies cultivated through the development of Media- Tek’s Dimensity AX, leveraging efficient, high-performance SoCs and artificial intelligence (AI) capabilities to offer a scalable, production-ready platform for next-generation driver assistance, the company said in a statement yesterday. “Through this collaboration, we are bringing two
Even as the US is embarked on a bitter rivalry with China over the deployment of artificial intelligence (AI), Chinese technology is quietly making inroads into the US market. Despite considerable geopolitical tensions, Chinese open-source AI models are winning over a growing number of programmers and companies in the US. These are different from the closed generative AI models that have become household names — ChatGPT-maker OpenAI or Google’s Gemini — whose inner workings are fiercely protected. In contrast, “open” models offered by many Chinese rivals, from Alibaba (阿里巴巴) to DeepSeek (深度求索), allow programmers to customize parts of the software to suit their