Porsche is acquiring German e-bike company Fazua in its latest micromobility purchase

Porsche’s electric bike shopping spree isn’t over. The German automaker announced Thursday that it would be acquiring Fazua, an e-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 e-bike company to come under the automaker’s control. Porsche acquired a majority stake in Croatian e-bike company Greyp (pronounced like the fruit) late last year.
Read more: https://www.theverge.com/2022/6/9/23161183/porsche-fazua-acquisition-ebike-motor-battery?source=Snapzu