Porsche bought 20 percent share of FAZUA

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FAZUA takes another step towards growth: With Porsche AG, a well-known automobile manufacturer secured 20 percent company shares in the SCE Alumni start-up FAZUA at the end of January. In addition, there is an option to purchase further shares, which will allow Porsche to take over FAZUA completely. "Porsche's investment ensures a further acceleration of FAZUA's positive corporate development. Together, we will put even more pressure on the pedals to drive our vision of 'Better Rides' forward," said FAZUA's management.

The manufacturer and pioneer of lightweight, compact drive technologies was founded in 2013 at the Strascheg Center of Munich University of Applied Sciences. More than 40 renowned bike brands rely on the technologies as well as drives from FAZUA, which successfully established the new category of "light e-bikes" on the bicycle market. Today, the company from Ottobrunn near Munich employs more than 100 people.

Next milestone for the Ottobrunn-based manufacturer of innovative and compact e-bike drives.

Another step in the direction of growth: With Porsche AG, a well-known automobile manufacturer secured 20 percent company shares in FAZUA GmbH at the end of January. In addition, there is an option to purchase further shares, which will allow Porsche to take over FAZUA completely. "Porsche's investment ensures a further acceleration of FAZUA's positive corporate development. Together, we will put even more pressure on the pedals to drive our vision of 'Better Rides,'" said FAZUA's management. The manufacturer and pioneer of lightweight, compact drivetrain technologies was founded in 2013. More than 40 renowned bike brands rely on FAZUA's technologies as well as drives, which successfully established the new category of "light e-bikes" on the bicycle market. Today, the company from Ottobrunn near Munich employs more than 100 people. The drive manufacturer is known for breaking new ground in terms of developments and not simply accepting market conditions - design and performance always come first. And with this step, Porsche is also consistently pushing ahead with its e-mobility strategy. In 2019, the Taycan was launched as the brand's first fully electric sports car. Just under 40 percent of Porsche vehicles delivered in Europe in 2021 were already electrified - i.e. plug-in hybrids or fully electric models. Worldwide, the share was just under 25 percent. 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.

About FAZUA FAZUA, [fà]-[zuà]! - Bavarian for "Drive to!" FAZUA GmbH specializes in innovative, compact drive technologies and concepts for aesthetic, agile and lightweight e-bikes. The company was founded in 2013 with the vision of establishing a new cycling culture - through minimalistic, intuitive products that promote the natural feeling of riding and thus get more people excited about cycling. Today, over 40 renowned bicycle manufacturers rely on the forward-looking technology of the young, diverse FAZUA team. Development, design and manufacturing take place at the company's site in Ottobrunn near Munich.

Image (c) Fazua