Porsche declares its love for electric bikes | TechBuzz

- Advertisement -

The manufacturer Porsche now owns 100% of the start-up Fazua, which specializes in the manufacture of motors and batteries for electric bicycles. Proof that the German company has certain ambitions in this market.

porsche electric bike
Source: Porsche

That Porsche is very interested in the e-bike sector is clearly no secret. The firm from across the Rhine has already placed its pawns through two VAE inspired by the Taycan presented in March 2021, and marketed at astronomical prices at the time – between 8,000 and 10,000 dollars.

- Advertisement -

A few months later, the car manufacturer went into overdrive and announced the creation of a brand entirely dedicated to connected connected cycles: Cyklær, imagined alongside Storck (bicycle manufacturer), Greyp… and Fazua, which produces motors and batteries renowned for their lightness – the Canyon Roadlite:ON, for example, called on Fazua.

In early 2022, the company agreed to sell 20% of its shares to Porsche.

Merger of activities

It only took a few more months to see Fazua come under the total control of Porsche, which officially announced the 100% takeover of the young German shoot in a press release. After 9 years of independence, Fazua is today an integral part of a large group.

- Advertisement -

While the buyout amount is not known, the ambitions arising from this acquisition are clear. Porsche indicates that it wants to merge its activities dedicated to electric bicycles by creating two joint ventures with the Dutch company Ponooc Investment BV, with which a strategic cooperation had already been discussed at the beginning of the year.

Upcoming high-end e-bikes

The first joint venture will manage the “development, production and distribution of a future generation of high-end Porsche e-bikes“, we learn. The second “will focus on technology solutions for the growing micromobility market ».

READ  New Netflix in June 2022: the series and films not to be missed | TechBuzz

Its historic partner Rotwild, which has made electric mountain bikes its spearhead, has not been sidelined. Porsche assures that it will continue to work with it in the future. This takeover marks in any case a new small turning point in the history of Porsche and the love it ties for electric bicycles.

- Advertisement -

To follow us, we invite you to download our Android and iOS application. You can read our articles, files, and watch our latest YouTube videos.

Source link

- Advertisement -
I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

More from author

Related posts


Latest posts

On this day 15 years ago, the sale of the phone began, which forever changed the smartphone industry – SmartphoneHrvatska | TechBuzz

Exactly 15 years ago, the first Apple iPhone went on sale today. Some greeted him with scorn even though the smartphone...

PlayStation Plus: July 2022 games with Crash Bandicoot 4, Man of Medan and Arcadegeddon | TechBuzz

Sony reveals the new PS5 and PS4 games coming to PlayStation Plus for July 2022. The program of PlayStation Plus with the Essential...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!