Porsche has taken over Fazua, a manufacturer of sunshine and compact drive systems for e-bikes.
The Stuttgart-based sports activities automobile manufacturer has now acquired all of Fazua’s shares, after shopping for into the corporate with a 20% stake earlier this 12 months.
“In Fazua, we have found a strong partner with a great deal of experience in the bicycle industry,” stated Lutz Meschke, deputy chairman of the chief board of Porsche AG and member of the chief board for finance and IT.
“Fazua is known among experts as the founder of the ‘light e-bikes’ category – and it’s a highly innovative company that fits perfectly with the pioneering spirit of the Porsche brand.”
Fazua, primarily based in Ottobrunn, close to Munich, was based in 2013 and is taken into account a pioneer within the improvement of light-weight and compact drive systems, such because the modern new Ride 60 which it not too long ago unveiled. Today, Fazua employs greater than 100 folks and greater than 40 famend manufacturers already depend on the corporate’s applied sciences.
Porsche introduced that it had acquired a majority stake in e-bike manufacturer Greyp Bikes late final 12 months. The sports activities automobile manufacturer’s enterprise capital arm, Porsche Ventures, has held a stake of round 10% within the Croatian firm since 2018.
Read extra: Signa Sports United appoints Max Heimann as CEO of Internetstores Group
In the long run, Porsche’s e-bike actions will likely be merged by means of the institution of two joint ventures with the Dutch firm Ponooc Investment B.V.
The first three way partnership will develop, manufacture and distribute a future era of excessive-high quality Porsche e-bikes. The second will give attention to technological options for the quick-rising micromobility market.
Independent of the three way partnership actions, Porsche stated it’s going to proceed to work with its lengthy-standing associate Rotwild on its present e-bike fashions.
In March 2021, the corporate launched its interpretation of unique electrical bikes with the Porsche eBike Sport and the eBike Cross.