Porsche acquires minority share in Fazua

MUNICH, Germany – Automotive manufacturer Porsche has made a next step into the e-bike industry. The Bavarian company secured a 20% minority share in compact e-bike drive train manufacturer Fazua. Via a new strategic partnership, Pon Holding's investment company Poonoc is involved in this investment.
Porsche has acquired a 20% minority share in compact e-bike drive train manufacturer Fazua. – Photo Bike Europe