Porsche is accelerating its transition to electric and buying the shares it lacked in Fazua, a specialist in motors and batteries for VAE. The will of the German is to offer a range of premium electric bikes.
Porsche began its transition to electrics in its automotive segment a long time ago. However, the German manufacturer also has a foot in mobility with investments and partnerships, particularly in the world of VAE. At the start of 2022, Porsche had set its sights on Fazua, a fellow specialist in motors and batteries for electric bicycles, by buying 20% of its shares after a period of collaboration. Porsche’s acquisition of Fazua is now 100% complete.
Fazua has made a name for itself in the e-bike engine market in recent years. The German company has built its reputation on what is called light electrification. Compact and light engines that allow to obtain electric bikes able to ride almost like muscle models. For example, we tested the Canyon Roadlite:On AL 9.0, which incorporates a Fazua Evation 1.0 engine. A bike whose weight remains under 15 kg, which is very light for a VAE. The latest motor presented by Fazua, the Ride 60, develops 60 Nm of torque and its combination with a 430 Wh battery only weighs 4.2 kg on the scale.
Reinforcement in the VAE sector
Porsche intends to build on this new acquisition and its partnership with Dutch investors Ponooc Investment BV to create two joint ventures. The first will be responsible for “development, manufacture and distribution of a future generation of high-end Porsche e-bikes.” The mission of the second will be to develop technological solutions for the micromobility sector.
The subsidiary of the Volkswagen group will continue to rely on the Croatians of Greyp, who are developing their own electric bikes, and of which Porsche holds a majority share. The press release announcing the acquisition of Fazua indicates that Porsche also continues to work with Rotwild, which already offers two models of VAE marked with the seal of the Stuttgart firm. Porsche Cross and Sport electric bikes, equipped with Shimano motors and carbon frames, whose price varies between 8,000 and 10,000 €.