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.
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.