Porsche acquires stake in Fazua and plans joint ventures with Ponooc

Stuttgart. Porsche is further expanding its involvement in the rapidly growing market for e-bikes. The Stuttgart based sports car manufacturer acquires a stake in #fazua, an innovative manufacturer of e-bike drive systems, and establishes a strategic #partnership with #ponooc Investment B.V. The Dutch company focuses on sustainable energy and mobility solutions. #ponooc is part of Pon Holdings B.V. - a trading and service company with around 16.000 employees worldwide, which is also active, amongst others, in the bike industry and the #automotive business.

Porsche is acquiring 20 percent of the shares in #fazua GmbH. In addition, there is an option to purchase further shares, which will allow #porsche to take over #fazua completely. The company from Ottobrunn near Munich was founded in 2013 and is a pioneer in the development of lightweight, compact drive technologies. It established the new category of "light e-bikes" and today employs more than 100 people. More than 40 renowned brands already rely on Fazua's technologies. The parties have agreed not to disclose the purchase price.

Together with #ponooc, #porsche plans to establish two joint ventures that will be active in the field of electric mobility. The first joint venture is to develop, manufacture and distribute a future generation of high-quality #porsche e-bikes. The second company will focus on technological solutions in the fast growing micro mobility market.

With these steps, #porsche is driving forward its e-mobility strategy in a holistic manner. In 2019, the company presented the Taycan as the brand's first all-electric sports car. Almost 40 per cent of the #porsche cars delivered in Europe in 2021 were already electrified - i.e. plug-in hybrids or fully electric models. Worldwide, the share was just under 25 per cent.

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. In doing so, it is pursuing a clear strategy: Porsche's expertise will be supplemented by the market-specific know-how of #fazua and #ponooc, which has a broad portfolio of ventures in micro mobility and mobility platforms.

The formation of the joint ventures as well as the #fazua transaction are subject to clearance by the relevant antitrust authorities. #porsche AG will not disclose any further details until these reviews have been completed.

Irrespective of these activities, #porsche continues to work in a proven manner 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. In addition, #porsche Digital GmbH is building a platform for digital services around the cycling experience under the Cyklær brand.