Porsche announced that it has acquired a 20% stake in Fazua, a manufacturer of electric bicycle drive systems, and has established a strategic partnership with the Dutch company Ponooc, which will further enter the e-bike market.
The information shows that Porsche not only acquired a 20% stake in Fazua, but also had the option to buy more shares, which allowed Porsche to take over Fazua completely. Founded in 2013, Fazua is a company that develops lightweight, compact drive technology.
In partnership with Ponooc, Porsche plans to establish two joint ventures, the first of which will develop, manufacture and sell the next generation of high-quality Porsche e-bikes, and the second of which will focus on solutions for the micro-mobility market.