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Porsche is further expanding its involvement in the rapidly growing market for eBikes. The Stuttgart based sports car manufacturer has acquired a 20% stake in Fazua, a German manufacturer of eBike drive systems.
In addition, there is an option to purchase further shares, which will allow Porsche to take over Fazua completely.
The company, from Ottobrunn near Munich, was founded in 2013 and is a pioneer in the development of lightweight, compact drive technologies. It established the new category of ‘light eBikes’ and today employs more than 100 people.
More than 40 renowned brands already rely on Fazua’s technologies.
Porsche has also announced the establishment of a strategic partnership with Ponooc Investment B.V.
The Dutch company focuses on sustainable energy and mobility solutions, and has around 16.000 employees worldwide.
Together with Ponooc, Porsche plans to establish two joint ventures that will be active in the field of electric mobility.
The first joint venture is to develop, manufacture and distribute a future generation of high-quality Porsche eBikes. The second company will focus on technological solutions in the fast growing micro-mobility market.
In a press release, Porsche says: ‘With these steps, Porsche is driving forward its e-mobility strategy in a holistic manner. In 2019, the company presented the Taycan as the brand’s first all-electric sports car. Almost 40 per cent of the Porsche cars delivered in Europe in 2021 were already electrified – i.e. plug-in hybrids or fully electric models. Worldwide, the share was just under 25 per cent’.
In March 2021, Porsche launched its interpretation of exclusive electric bikes with the Porsche eBike Sport and the eBike Cross.