HomeNewsWorldPorsche Completes Fazua Purchase

Porsche Completes Fazua Purchase

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Ottobrunn, Germany

Sports car manufacturer Porsche has escalated its stake in e-bike drive system specialist Fazua, purchasing all the company’s shares.

Porsche had acquired a 20% stake in Fazua in January and last week announced it had claimed the remaining shares.

Fazua’s prominence as a manufacturer of particularly light and compact drive systems was enhanced recently when it released its Ride 60 system.

“In Fazua, we have found a strong partner with a great deal of experience in the bicycle industry,” according to Porsche spokesperson.

“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,” the Deputy Chairman of the Executive Board of Porsche AG said.

Fazua’s Ride 60 drive system
Fazua’s Ride 60 drive system. Photo credit: Fazua.

The Stuttgart-based car manufacturer already owns a majority stake in the Croatian e-bike brand Greyp.

“In the future, Porsche’s e-bike activities will be merged through the establishment of two joint ventures with the Dutch company Ponooc Investment B.V,” according to a statement from Porsche.

“The first joint venture will develop, manufacture and distribute a future generation of high-quality Porsche e-bikes.

“The second will focus on technological solutions for the fast-growing micromobility market.
“Independent of the joint venture activities, Porsche will continue to work with its long-standing partner Rotwild on its current e-bike models.”

In March 2021, the company launched its interpretation of exclusive electric bikes with the Porsche eBike Sport and the eBike Cross.

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