• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, February 7, 2023
TheGreatNews.com
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE
No Result
View All Result
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE
No Result
View All Result
TheGreatNews.com
No Result
View All Result

Porsche is acquiring German e-bike company Fazua in its latest micromobility purchase

in NEW TECHNOLOGIES
Reading Time: 2 mins read
A A
Porsche is acquiring German e-bike company Fazua in its latest micromobility purchase
Share Share Share Share Share

Related articles

Garbage is sometimes a HIPAA violation

JBL announces the Tour One M2 headphones and Tour Pro 2 earbuds

Porsche’s electric bike shopping spree isn’t over. The German automaker announced Thursday that it would be acquiring Fazua, an e-bike drivetrain manufacturer that specializes in lightweight motors.

After buying a 20 percent stake in the company earlier this year, Porsche said it would acquire all of Fazua’s shares, making it the latest e-bike company to come under the automaker’s control. Porsche acquired a majority stake in Croatian e-bike company Greyp (pronounced like the fruit) late last year.

Fazua is an intriguing purchase for Porsche and could indicate the direction of the company’s future lineup of e-bikes. The Fazua Drive System, which unites the battery with the motor into one single unit, weighs only 4.6kg (10 pounds) and is completely removable, allowing customers to use their bikes either with or without assistance. Fazua describes the system as “super lightweight, slender, and quiet, can be beautifully integrated in the frame and provides an exceptionally smooth ride.”

Started in 2013, Fazua entered the North American market late in 2019. The company supplies its drive units to more than 40 bike manufacturers, including Bottecchia, Canyon, Corratec, Fuji, Cairn, and Hercules, among others.

Porsche hinted at what will come from these recent acquisitions, noting that it will establish two joint ventures with Amsterdam-based Pon Holdings’ venture fund Ponooc, which focuses on sustainable energy and mobility projects. The first will “manufacture and distribute a future generation of high-quality Porsche eBikes. The second will focus on technological solutions for the fast-growing micromobility market,” Porsche says. (Pon Holdings is also the parent of several bike brands, including Cannondale, Schwinn, Cervélo, and Santa Cruz.)

The acquisition comes at a time of accelerated growth in the world of e-bikes. Sales of e-bikes are growing faster than traditional bikes in most major markets. The COVID-19 pandemic was a major factor, with sales increasing 145 percent from 2019 to 2020, more than double the rate of non-motorized bikes, according to the market research firm NPD Group.

Porsche is no stranger to the world of e-bikes. Earlier this year, the automaker unveiled a pair of high-priced, full-suspension electric mountain bikes, the Sport and the Cross, that it’s making with long-standing partner Rotwild.

Porsche is the latest combustion engine company to dip a toe into the world of electric two-wheelers. Often, when you hear about car companies releasing their own electric bikes, it’s just a brand licensing deal. (Think Jeep’s e-bike or those Hummer bikes from last decade.) Other times, it’s a much-hyped project that ends up falling victim to larger corporate cost-cutting, like General Motors’ Ariv e-bikes. But occasionally, something interesting emerges, like Harley-Davidson’s recently released Serial 1 e-bikes.

Based on its recent investments, Porsche seems relatively serious about the future of e-bikes.

Credit: Source link

ShareTweetSendPinShare
Previous Post

What went right this week: the future of work, plus more positive news

Next Post

New York Passes Law to Shut Down the Puppy Mill Pipeline

Related Posts

Garbage is sometimes a HIPAA violation

Garbage is sometimes a HIPAA violation

August 30, 2022

After the Supreme Court decided to end federal protection for abortion in June, many abortion advocates and lawmakers started agitating for the Biden administration to make...

JBL announces the Tour One M2 headphones and Tour Pro 2 earbuds

JBL announces the Tour One M2 headphones and Tour Pro 2 earbuds

August 30, 2022

JBL has just announced the Tour Pro 2 wireless earbuds, featuring adaptive noise cancellation and customizable ANC alongside a charging case with a 1.45-inch LED touchscreen...

Elon Musk says whistleblower’s testimony gives him more reasons to dump Twitter deal

August 30, 2022

Elon Musk says the disclosures of Twitter’s former security chief have given him new justifications to walk away from his $44 billion deal to buy the...

Logitech’s cloud gaming handheld leaks with Android apps and Switch-like UI

Logitech’s cloud gaming handheld leaks with Android apps and Switch-like UI

August 30, 2022

Logitech’s new cloud gaming handheld has leaked weeks after the company teased it was working on the new device. Logitech G and Tencent Games confirmed their...

Meta links Instagram’s NFT posts to Facebook as the market for ‘digital collectibles’ tanks

Meta links Instagram’s NFT posts to Facebook as the market for ‘digital collectibles’ tanks

August 30, 2022

Meta has been testing support for NFT “digital collectible” posts on Instagram since May, and if you’re among the expanding group of people with access, then...

Next Post
New York Passes Law to Shut Down the Puppy Mill Pipeline

New York Passes Law to Shut Down the Puppy Mill Pipeline

EV batteries are an environmental headache. This startup has a solution

EV batteries are an environmental headache. This startup has a solution

Guy Returns Lost Ring to Honeymoon Couple With LEGO Metal Detector Toy

Guy Returns Lost Ring to Honeymoon Couple With LEGO Metal Detector Toy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

No Content Available
TheGreatNews.com

This is an online news portal that aims to provide the latest updates about mindset, well being, positive news, wisdom, purpose, new technologies, entrepreneur, green energy, success, good life and stuff like that around the world. Feel free to get in touch with us!

© 2021 - TheGreatNews.com - All rights reserved!

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
No Result
View All Result
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE

© 2021 - TheGreatNews.com - All rights reserved!