Porsche’s latest micromobility acquisition is the German e-bike firm Fazua
Porsche’s shopping spree for electric bikes is far from over. The German automaker announced the acquisition of Fazua, an e-bike drivetrain company specializing in lightweight motors, on Thursday.
After purchasing a 20% investment in the company earlier this year, Porsche announced that it will acquire all of Fazua’s shares, making it the automaker’s latest e-bike acquisition. Late last year, Porsche purchased a majority share in Croatian e-bike company Greyp (pronounced like the fruit).
Fazua is an intriguing buy for Porsche that could signal the direction of the company’s future e-bike offering. The Fazua Drive System, which combines the battery and motor into one device, weighs only 4.6kg (10 pounds) and is totally removable, allowing consumers to ride their bikes with or without assistance. The technology is “very lightweight, slim, and quiet can be tastefully incorporated into the frame, and gives an extraordinarily smooth ride,” according to Fazua.