Raleigh Bicycle Company used by the Raleigh professional team of the 1970s. Presently Raleigh as a company owns the Diamondback Bike brand as well. During the 1980s Raleigh also supported British professional teams, including "Raleigh Banana" and "Raleigh Weinmann". Raleigh's most notable riders were Paul Sherwin, Malcolm Elliott, Mark Bell, Paul Watson, Jon Clay and Jeff Williams. It also sponsored a mountain bike team in the early 1990s that also raced in road events. In 2009 it was announced that the company would be creating a new Continental-level cycling team called Team Raleigh. The Team were co-sponsored by the global shipping and logistics
Electra Bicycle Company Wall. Erforth said he could sell the kind of bikes Bänziger was designing, so the two pooled $30,000 in personal savings and founded Electra Bicycle Company. The two were the firm's sole shareholders through at least 2004. The new Electra cruisers were manufactured by a Taiwanese contractor and the two partners began trying to sell them to bike shops. At first, "Dealers laughed at us," says Bänziger. "But people realized they didn't need a mountain bike to go to the grocery store." However, when bike shops tried stocking the Electras, they began to sell, and word-of-mouth convinced more dealers to