Porsche acquires FAZUA
Stuttgart, June 8th, 2022. The Ottobrunn-based manufacturer of drive systems for eBikes was acquired by the German car manufacturer Porsche. Following its entry with a 20 percent stake in January of this year, Porsche is now acquiring all shares in Fazua. The company is based in Ottobrunn near Munich and is considered a pioneer in the development of lightweight and compact drive systems.
“Entering a partnership with the strongest brand in automotive unites forces and marks the beginning of a new era in mobility. It is a privilege for UVC Partners to help build FAZUA from the foundation in 2013 to Series A in 2017 until today as lead investor.”, states our partner Benjamin Erhart.
Fabian Reuter, Co-founder of FAZUA adds: "We are happy that we are now officially part of the Porsche AG family. It is the next stage on our joint journey. The further expansion of the FAZUA product portfolio in the agile & light e-bike segment plays a central role for us. We are ready for new adventures.".
Read the full story in Porsche's newsroom here.
We are more than proud of the entire FAZUA team and the great development of the company!
FAZUA, [fà]-[zuà]! – Bavarian for “Get moving!”
The German company FAZUA GmbH is specialized on products for better rides – with innovative, compact drive technologies and concepts for aesthetic, agile and light e-bikes. The brand was founded in 2013 driven by the vision to shape a new cycling culture with minimalist, intuitive products that guarantee an exceptionally natural ride – and thus promote the most sustainable form of mobility within our society. Today, more than 40 renowned brands trust the pioneering FAZUA technology. The drive systems are developed, designed, and manufactured by a young, diverse team at the headquarters in Ottobrunn near Munich.
About UVC Partners
UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in European B2B startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5m - 10m initially and up to € 30m in total per company. Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation, and business creation center. With over 300 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners.