Thursday, February 10, 2022

Porsche acquires stake in Fazua

Porsche is acquiring 20 percent of the shares in Fazua GmbH. Fazua produces innovative e-bike drive systems. These drives are already included in the Cyklaer bikes designed by Storck and Porsche Digital.

A Porsche press release about the acquisition states, "The Stuttgart-based sports car manufacturer now wants to make greater use of this know-how in the attractive and fast-growing e-bike market."

Porsche is also establishing a strategic partnership with Ponooc Investment B.V., a Dutch company that focuses on sustainable energy and mobility solutions. Together with Ponooc, Porsche plans a joint venture to develop, manufacture and distribute a future generation of high-quality Porsche e-bikes.

In short, more Porsche Bikes are on the way!

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