{"id":5170,"date":"2020-09-15T14:28:33","date_gmt":"2020-09-15T14:28:33","guid":{"rendered":"https:\/\/octane.co\/o\/?page_id=5170"},"modified":"2020-09-15T14:47:31","modified_gmt":"2020-09-15T14:47:31","slug":"cycle-world-octane","status":"publish","type":"page","link":"https:\/\/octane.co\/o\/cycle-world-octane\/","title":{"rendered":"Octane Acquires Cycle World"},"content":{"rendered":"<div  class=\"tatsu-BXQN_g8bgT tatsu-section  tatsu-bg-overlay   tatsu-clearfix\" data-title=\"\"  data-headerscheme=\"background--dark\"><div class='tatsu-section-pad clearfix' data-padding='{\"d\":\"90px 0px 90px 0px\"}' data-padding-top='90px'><div class=\"tatsu-row-wrap  tatsu-wrap tatsu-row-one-col tatsu-row-has-one-cols tatsu-medium-gutter tatsu-reg-cols  tatsu-clearfix tatsu-Hnqy4Qvvw5\" ><div  class=\"tatsu-row \" ><div  class=\"tatsu-column  tatsu-bg-overlay tatsu-one-col tatsu-column-image-none tatsu-column-effect-none  tatsu-1JUNzWJho\"  data-parallax-speed=\"0\" style=\"\"><div class=\"tatsu-column-inner \" ><div class=\"tatsu-column-pad-wrap\"><div class=\"tatsu-column-pad\" ><div  class=\"tatsu-module tatsu-text-block-wrap tatsu-YV128jUR7  \"><div class=\"tatsu-text-inner   clearfix\" ><style>.tatsu-YV128jUR7.tatsu-text-block-wrap .tatsu-text-inner{width: 100%;text-align: left;}<\/style>\n<h1>Octane Acquires the Motorcycle Group from Bonnier Corp.<\/h1>\n<h3 class=\"subtitle\">Media Brands include\u00a0<a href=\"https:\/\/www.cycleworld.com\/\">Cycle World<\/a>,\u00a0<a href=\"https:\/\/www.motorcyclistonline.com\/\">Motorcyclist<\/a>,\u00a0<a href=\"https:\/\/www.dirtrider.com\/\">Dirt Rider<\/a>,\u00a0<a href=\"https:\/\/www.motorcyclecruiser.com\/\">Motorcycle Cruiser<\/a>,\u00a0<a href=\"https:\/\/www.utvdriver.com\/\">UTV Driver<\/a>,\u00a0<a href=\"https:\/\/www.atvrider.com\/\">ATV Rider<\/a>, and\u00a0<a href=\"https:\/\/www.cyclevolta.com\/\">Cycle Volta<\/a>.<\/h3>\n<ul>\n<li class=\"subtitle\"><strong>Octane is investing in these titles so powersports enthusiasts continue to have strong, independent online editorial coverage to fuel their passions.<\/strong><\/li>\n<li class=\"subtitle\"><strong>Inspiring and informing those who are interested in powersports products will drive industry growth.<\/strong><\/li>\n<li class=\"subtitle\"><strong>Combining these brands with Octane\u2019s frictionless financing experience will help more consumers discover and connect with the vehicles of their dreams.<\/strong><\/li>\n<\/ul>\n<p><em><span class=\"xn-location\">NEW YORK<\/span>,\u00a0<span class=\"xn-chron\">Sept. 14, 2020<\/span><\/em><\/p>\n<p>Octane, a Fintech company founded in 2014 to better serve the lending needs of the powersports market, today announced it has acquired the digital assets of\u00a0<i>Cycle World, Motorcyclist, Dirt Rider, Motorcycle Cruiser, UTV Driver, ATV Rider,\u00a0<\/i>and<i>\u00a0Cycle Volta\u00a0<\/i>from Bonnier Corp.<\/p>\n<p>\u201cWe are acquiring these titles because we want to support brands that get people excited about powersports,\u201d said\u00a0<span class=\"xn-person\">Jason Guss<\/span>, CEO of Octane. \u201cOur goal for this acquisition is to ensure that unbiased product reviews, rigorous and objective testing, and informed storytelling will continue to be available to powersports enthusiasts. When combined with Octane\u2019s financing platform and dealership partners, consumers will soon be able to go directly from researching their dream vehicle to owning it, in a fast, seamless process.\u201d<\/p>\n<p>\u201cSince acquiring\u00a0<i>Cycle World<\/i>\u00a0in 2011, Bonnier has invested in best-in-class motorcycle content across all media channels, and it is gratifying to see that Octane recognizes and values the consumer trust that these brands enjoy,\u201d said\u00a0<span class=\"xn-person\">David Ritchie<\/span>, CEO,\u00a0<span class=\"xn-person\">Bonnier Corp<\/span>. \u201cWe are encouraged by their commitment to content and look forward to seeing these brands continue to grow.\u201d<\/p>\n<p>Bonnier Corp. will help produce\u00a0<i>Cycle World<\/i>\u2018s final print issue in\u00a0<span class=\"xn-chron\">October 2020<\/span>; existing print subscribers will receive a digital edition beginning in 2021.<\/p>\n<p>Among the growing brands being acquired, 58-year-old\u00a0<i>Cycle World<\/i>\u00a0reaches more people now than ever. The brand engages more than 1 million consumers monthly, with more than 90 percent of those interactions occurring online. Octane will invest in digital content and website development to further solidify\u00a0<i>Cycle World\u2019s\u00a0<\/i>dominance in this space. Octane looks forward to welcoming\u00a0<span class=\"xn-person\">Mark Hoyer<\/span>, VP, Editorial Director of the brands, and his exceptional editorial team.<\/p>\n<p>Octane\u2019s mission is to connect people with their passions. The powersports market (motorcycles, ATVs, UTVs, PWCs, snowmobiles) is fast and fun, but too many consumers find the financing experience that powers the majority of purchases to be slow and frustrating. Octane believes that buying a powersports vehicle should be as satisfying as owning one. In order to deliver instant financing offers, Octane developed an automated technology platform that offers prequalification for customers.<\/p>\n<p>About Octane:<br class=\"dnr\" \/><i>Octane<\/i><i>\u00a0is a Fintech company whose mission is to connect people with their passions. With a focus on the powersports market, Octane reaches riders through editorial brands such as\u00a0<\/i>Cycle World\u00a0<i>and\u00a0<\/i>UTV Driver,\u00a0<i>and helps\u00a0<\/i><i>consumers buy their favorite vehicles with instant, frictionless financing. On Octane.co, powersports shoppers can research vehicles, prequalify for a loan, and instantly check rates with no obligation and no impact to their credit. Octane connects customers with partnered dealerships, where they can complete their purchase with financing. Octane works with more than 3,500 dealers in the\u00a0<span class=\"xn-location\">USA<\/span>, provides financing coverage for most major powersports makes, and offers promotional financing with low rates for more than 40 brands.<\/i><\/p>\n<p>About Bonnier Corp.:<br class=\"dnr\" \/><i>Bonnier Corp. is an American enthusiast media publishing group, which includes more than 15 multichannel brands extending into all platforms, including magazines, digital media, events and product licensing. Bonnier Corp.\u2019s iconic brands include\u00a0<\/i>Popular Science, Saveur, Field &amp; Stream, Yachting, Flying, Sailing World, Salt Water Sportsman, Working Mother\u00a0<i>and\u00a0<\/i>Outdoor\u00a0Life<i>. Other business subsidiaries include Bonnier Events, a full-service promotion and events<\/i>\u00a0\u00a0<i>group, and Working Mother Media\u2019s diversity and inclusion consulting group. Bonnier Corp. is owned by\u00a0<span class=\"xn-location\">Sweden<\/span>-based Bonnier AB, a globally operating media conglomerate.<\/i><\/p>\n<p>Brands and Websites Acquired by Octane:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.cycleworld.com\/\"><i>Cycle World<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.cycleworld.com\/\">https:\/\/www.cycleworld.com\/<\/a><br class=\"dnr\" \/><i><\/i><\/li>\n<li><a href=\"https:\/\/www.motorcyclistonline.com\/\"><i>Motorcyclist<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.motorcyclistonline.com\/\">https:\/\/www.motorcyclistonline.com\/<\/a><br class=\"dnr\" \/><i><\/i><\/li>\n<li><a href=\"https:\/\/www.dirtrider.com\/\"><i>Dirt Rider<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.dirtrider.com\/\">https:\/\/www.dirtrider.com\/<\/a><br class=\"dnr\" \/><i><\/i><\/li>\n<li><a href=\"https:\/\/www.motorcyclecruiser.com\/\"><i>Motorcycle Cruiser<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.motorcyclecruiser.com\/\">https:\/\/www.motorcyclecruiser.com\/<\/a><br class=\"dnr\" \/><i><\/i><\/li>\n<li><a href=\"https:\/\/www.utvdriver.com\/\"><i>UTV Driver<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.utvdriver.com\/\">https:\/\/www.utvdriver.com\/<\/a><br class=\"dnr\" \/><i><\/i><\/li>\n<li><a href=\"https:\/\/www.atvrider.com\/\"><i>ATV Rider<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.atvrider.com\/\">https:\/\/www.atvrider.com\/<\/a><br class=\"dnr\" \/><i><\/i><\/li>\n<li><a href=\"https:\/\/www.cyclevolta.com\/\"><i>Cycle Volta<\/i><\/a>\u00a0\u2014\u00a0<a href=\"https:\/\/www.cyclevolta.com\/\">https:\/\/www.cyclevolta.com\/<\/a><\/li>\n<\/ul>\n<p>Click\u00a0<a href=\"https:\/\/octane.co\/o\/wp-content\/uploads\/2020\/09\/octane-octaneblue.png\">here<\/a>\u00a0to download a high-resolution file of the Octane logo.<\/p>\n<\/div><\/div><\/div><\/div><div class = \"tatsu-column-bg-image-wrap\"><div class = \"tatsu-column-bg-image\" ><\/div><\/div><div class=\"tatsu-overlay tatsu-column-overlay tatsu-animate-none\" ><\/div><\/div><style>.tatsu-row > .tatsu-1JUNzWJho.tatsu-column{width: 100%;}.tatsu-1JUNzWJho.tatsu-column > .tatsu-column-inner > .tatsu-column-overlay{mix-blend-mode: normal;}.tatsu-1JUNzWJho > .tatsu-column-inner > .tatsu-top-divider{z-index: 9999;}.tatsu-1JUNzWJho > .tatsu-column-inner > .tatsu-bottom-divider{z-index: 9999;}.tatsu-1JUNzWJho > .tatsu-column-inner > .tatsu-left-divider{z-index: 9999;}.tatsu-1JUNzWJho > .tatsu-column-inner > .tatsu-right-divider{z-index: 9999;}@media only screen and (max-width:1377px) {.tatsu-row > .tatsu-1JUNzWJho.tatsu-column{width: 100%;}}@media only screen and (min-width:768px) and (max-width: 1024px) {.tatsu-row > .tatsu-1JUNzWJho.tatsu-column{width: 100%;}}@media only screen and (max-width: 767px) {.tatsu-row > .tatsu-1JUNzWJho.tatsu-column{width: 100%;}}<\/style><\/div><\/div><\/div><\/div><div class=\"tatsu-section-background-wrap\"><div class = 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