Porsche Announced its Takeover of 'Fazua' to Develop E-Bikes
Colin Smith — June 8, 2022 — Autos
Porsche announced its full takeover of 'Fazua,' an Ottobrunn-based manufacturer of electric bike components and drive systems. According to Porsche, Fazua is often credited as the creator of the "light e-bike" category of bicycles. Near the beginning of 2022, Porsche invested in purchasing roughly 20% of all Fazua stock. Since then, the automaker has moved to acquire the entirety of Fazua stock.
Porsche outlined its excitement for this deal as its deputy chairman, Lutz Meschke, refers to Fazua as an "innovative company that fits perfectly with the pioneering spirit of the Porsche brand." Going forward, Porsche hopes to create more innovative lines of e-bikes as the global e-bike industry shows rising value year over year.
It is important to note that Porsche is looking into manufacturing more than simply e-bikes, as it also believes there is a rising demand for other micromobility solutions.
Image Credit: Shutterstock
Porsche outlined its excitement for this deal as its deputy chairman, Lutz Meschke, refers to Fazua as an "innovative company that fits perfectly with the pioneering spirit of the Porsche brand." Going forward, Porsche hopes to create more innovative lines of e-bikes as the global e-bike industry shows rising value year over year.
It is important to note that Porsche is looking into manufacturing more than simply e-bikes, as it also believes there is a rising demand for other micromobility solutions.
Image Credit: Shutterstock
Trend Themes
1. Rise of E-bikes - The e-bike industry is showing rising value year over year, creating opportunities for manufacturers to tap into this market.
2. Acquisitions in Manufacturing - More companies are moving towards full takeovers or investments in manufacturing companies to create innovative products.
3. Micromobility Solutions - As the demand for micromobility solutions increases, companies are investing in developing and creating more options.
Industry Implications
1. Automotive Industry - The automotive industry is entering the e-bike market, creating new opportunities for disruptive innovation.
2. Manufacturing Industry - More companies are investing in or acquiring manufacturing companies to create innovative products.
3. Micromobility Industry - As the demand for micromobility solutions increases, the industry is ripe for disruptive innovation by companies creating new and innovative options.
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