Joint Venture of ZF, Magura and BFO – Sachs Micro Mobility – Debuts at Eurobike
TÜBINGEN, Germany – Last month, after an antitrust review and the commercial registration of the company, Sachs Micro Mobility Solutions GmbH started. It’s a joint venture of BrakeForceOne (BFO), ZF and Magura.The company debuts at Eurobike.
With a stake of 48%, ZF is the largest shareholder of the joint venture which is Tübingen, Germany based. ZF is worldwide one of the largest automotive suppliers specializing in drivetrain technology. The joint venture is to “help shape the growing e-bike market and to further drive technological advances.”
ZF believes that there is great future potential in the field of micromobility and this applies equally to the transport of people and cargo. Studies have already predicted enormous growth in the use of electric lightweight vehicles by 2030, particularly for city center logistics.
Sachs Micro Mobility Solutions GmbH is to develop, manufacture and sell products for the e-mobility market. The first one are presented at Eurobike on stand A1-401A. “Over the last few decades, our innovative braking systems have played a major role in shaping the evolution of the bicycle, especially mountain bikes,” explains Magura’s CEO, Ralph Berndt. “Our e-mobility expertise is characterized by extensive know-how and strong partnerships within the Magenwirth Technologies Group. This joint venture will help us create new dimensions with e-mobility.”
“We have joined forces to pool our complementary skills and knowledge in order to develop products for the strong growth in the electromobility market,” adds BrakeForceOne CEO Frank Stollenmaier.
ZF acquired Sachs
Drive solutions for lightweight vehicles are a tradition for ZF. For example, the torpedo locking hub developed by a ZF predecessor company Fichtel & Sachs helped the bicycle break to achieve worldwide success at the beginning of the 20th century and set the industrial standard until well into the 1980s. Back in the 1930s, Sachs also supplied auxiliary motors for bikes, selling millions in particular during the 1950s. In 2001 ZF acquired Sachs from Mannesmann.