Porsche takes over Fazua

The sports car manufacturer acquires the self-proclaimed pioneer for so-called "light e-bikes".

Porsche only acquired a twenty percent stake in Fazua in January of this year. Now the sports car manufacturer is acquiring all shares in the start-up.

Johannes Biechele founded Fazua in Ottobrunn near Munich in 2013. The start-up develops drive systems for e-bikes. The company presented its concept in 2015: A lightweight drive system that combines motor and battery and can be integrated into the down tube of the bike. "Fazua is known among experts as the founder of the 'light eBike' category - a company with a high level of innovation that fits perfectly with the pioneering spirit of the Porsche brand," says Lutz Meschke, Deputy Chairman of the Executive Board at Porsche.

Porsche already owns a majority stake in another e-bike company, the Croatian brand Greyp. Now the car manufacturer wants to bundle its e-bike expertise in two joint ventures with the Dutch company Ponooc Investment. The first of the two joint ventures will develop, manufacture and distribute Porsche e-bikes, while the other will develop technological solutions for micromobility.