Porsche is acquiring German electrical bike company Fazua in its latest micromobility purchase
Porsche’s electrical bike shopping spree isn’t over. The German automaker announced Thursday that it would be acquiring Fazua, an electrical bike drivetrain manufacturer that specializes in lightweight motors.
After buying a 20 percent stake in the company earlier this year, Porsche said it would acquire all of Fazua’s shares, making it the latest electrical bike company to come under the automaker’s control. Porsche acquired a majority stake in Croatian electrical bike company Greyp (pronounced like the fruit) late last year.
Fazua is an intriguing purchase for Porsche and could indicate the direction of the company’s future lineup of electrical bikes. The Fazua Drive System, which unites the battery with the motor into one single unit, weighs only 4.6kg (10 pounds) and is completely removable, allowing customers to use their bikes either with or without assistance. Fazua describes the system as “super lightweight, slender, and quiet, can be beautifully integrated in the frame and provides an exceptionally smooth ride.”
Started in 2013, Fazua entered the North American market late in 2019. The company supplies its drive units to more than 40 electrical bikes manufacturers, including Bottecchia, Canyon, Corratec, Fuji, Cairn, and Hercules, among others.