Porsche acquires 20 percent of the shares in FazuaThe Munich startup, which 2019 financing of 15 million euros has developed a drive system for e-bikes that is fully integrated into the frame and yet completely removable. Fazua has thus established a new category of "light e-bikes" and currently employs more than 100 people. According to the company, more than 40 well-known brands already rely on the Munich-based startup's technologies.
The parties have agreed not to disclose the purchase price. However, there is an option to acquire additional shares, allowing Porsche to take over Fazua completely.
Fazua part of the e-mobility strategy
The investment in Fazua is part of the Stuttgart-based car manufacturer's e-mobility strategy. In 2019, the company presented the Taycan the brand's first all-electric sports car. According to the company, almost 40 percent of Porsche vehicles delivered in Europe in 2021 were already electrified – as plug-in hybrids or fully electric models.
The sports car manufacturer now intends to leverage this expertise in the rapidly growing e-bike market. Porsche's expertise will be complemented by the Munich-based e-bike startup's market-specific knowledge of drive systems.
