Porsche takes over German e-bike start-up Fazua

Porsche has taken over Fazua, a light and compact drive systems manufacturer for e-bikes. The take-over follows Porsche earlier taking a 20-per cent stake in the German start-up. It is also part of a drive at Porsche to expand the e-bike business. Fazua, based in Ottobrunn, near Munich, is considered by Porsche a ‘pioneer in
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