Porsche has upped its stake in Fazua with a complete buyout of the eBike motor and battery brand.
In February this year Porsche continued its move into the cycling industry as it secured a 20% stake in the company
with the option to buy more shares. Today Porsche has announced that it has taken its dealing with Fazua further and will be taking complete ownership of the company.
|In Fazua, we have found a strong partner with a great deal of experience in the bicycle industry. Fazua is known among experts as the founder of the ‘light eBikes’ category – and it’s a highly innovative company that fits perfectly with the pioneering spirit of the Porsche brand.—Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG and Member of the Executive Board for Finance and IT|
The takeover of Fazua is Porsche's second purchase in the industry over the past year with the German car company also buying a majority take in Greyp
last year. Currently, the future plan for Porsche's eBikes is to start two joint ventures with Ponooc Investment B.V. The joint ventures will cover creating future Porsche eBikes and finding new solutions to the micromobility market.
Alongside its own developments, Porsche still plans to continue its partnership with Rotwild after the release of two bikes
Also I think better handle than the other affordable sports car the Chevrolet Corvette that rides on leaf springs (yes horse and buggy suspension) - this is excluding the C8
Porsche as a business sells more taycans (4-door all eclectric), Macan(crossover suv), and Cayenne (SUV) but the 911 is very much tied to the identity of the brand
The Cayman was once thought of a starter car but the new GT4 RS is maybe one of the best models ever made - It terms of looking a powerful mid-engine cars you can look to the RSR, the 918 Spyder, Carrera GT
The Cayman brand allows them to experiment with technology without risking the identity, heritage, and following of the 911 - The next all electric sports car will be a Cayman - The "electric GT4 performance" all electric prototype that was in the media recently actually has a slight front mid-engine weight distribution because of the placement of some of the batteries but still has 1000hp and can beat a 911 GT3 on some tracks
DOWN WITH THE MEGALOPOLY
Little more info on the subject.
Wis Greyp I was thinking they wer going to build a real Porsche eBike.
Does this mean the motors for road racing that are hidden?
If anyone was curious, this is the link to the website for Rimac.
Santa Cruz, Cannondale, GT, Shwinn, Mongoose, Cervelo. Etc.
They also own VW, Porsche, Lambo, Bugatti, Bentley, Etc.
Now they own an e drive train company in Fazua.
If they believe that Fazua can compete with shimano/spec/bosche then they have their own drivetrain solution that they can start pushing through their own lines and solve supply chain situations, reduce cost, etc.
And they own a very large sales channel in Mike's Bikes.
So he's saying they might as well just put the PON logo on everything.....
Was easier to put it the way I did. LOL. It's not very easy to explain import/export partnerships and investment companies (holding corporations). They're a consortium that includes Attestor. They're going heavy in the global auto and mobility environments.... which the move on Fazua is a part of.
But yes... you're correct. They do not own them.
Pretty sure he's just pointing out that the companies are connected....