Porsche ups its stake in Fazua to take full ownership

MUNICH, Germany – Stuttgart-based sports car manufacturer, Porsche, has announced that it has fully acquired Fazua, the compact e-bike drive system manufacturer. Having become a minority stakeholder in the company earlier this year, this is another sign that Porsche is increasing its activities in the e-bike market.
Fazua, with the backing of Porsche, continues to develop its product range for urban e-bikes. – Photo Fazua