Porsche takes over a fifth of Fazua

The Volkswagen subsidiary Porsche AG secured 20 percent of the shares in Fazua GmbH in January this year. In addition, there is an option to purchase further shares, which would enable the Zuffenhausen-based company to take over the supplier of compact e-bike drives completely, it was further stated. "Porsche's investment will provide further acceleration of the company's positive development. Together, we will put even more pressure on the pedals," said the Fazua managing directors. The company, founded in 2013, sees itself as a pioneer in lightweight and compact drive technology, which is used by more than 40 known bicycle brands. The company, based in Ottobrunn near Munich, currently employs more than 100 people.

"The partnership with the strongest brand in the automotive industry combines strengths and marks the beginning of a new era of mobility. It is a privilege to help build Fazua from its founding in 2013 through Series A in 2017 to today as lead investor," explains Benjamin Erhart, Partner at UVC Partners.

Fabian Reuter, CEO and co-founder of the Ottobrunn-based company, noted that building a hardware company is a major challenge that could not have been overcome without the right partners. This step is also a consistent continuation of Porsche's e-mobility strategy. In 2019, the brand's first all-electric sports car, the Taycan, was introduced. Almost 40 percent of all Porsche vehicles sold in Europe in 2021 were either plug-in hybrids or fully electric vehicles. Globally, the share in this segment is nearly 25 percent. Now, the Stuttgart-based sports car manufacturer wants to use its electric expertise in the promising and rapidly growing e-bike market as well.