A total of 48 new cycle storage spaces have been approved by the council.
The cycle hangars will provide space near transport hubs and on residential streets allowing people to securely lock away their bikes, 44 of the spaces will be available within the coming weeks.
The council aims to encourage as many people as possible to cycle and use other active modes of transport to reduce emissions in the borough.
Cllr Clyde Loakes, deputy leader and cabinet member for the environment, announced the decision on Twitter.
He said: "Felt so awesome signing off this latest batch of 48- yes 48-
Waltham Forest resident cycle hangars today, which will take our total to 400.
"44 of them will be delivered over the coming weeks."
Funding for the hangars has come from the cash pot which is paying for the authority's controversial Mini Holland or Enjoy Waltham Forest scheme.
The scheme has seen roads in the borough closed off to traffic in an attempt to prevent rat-running and encourage cycling.
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