Porsche plans to create its own e-bike drive systems in the future and utilize them in its own bicycles. Porsche is a German sports car manufacturer.
Two joint ventures with the Dutch company Ponooc Investment have been founded for this purpose, the Stuttgart-based company announced on Monday, according to the German press agency (dpa).
Porsche eBike Performance GmbH, based in Ottobrunn on the outskirts of Munich, is to develop electric drive systems for bicycles.
The statement states that this covers the motors, batteries, and required software architecture for connectivity options.
P2 eBike GmbH, based in Stuttgart, would use these drive systems to bring a new generation of Porsche e-bikes to market from the mid-2020s.
A spokesperson did not want to comment on the amount of the planned investments when asked.
Porsche has two e-bikes in its program so far within the framework of cooperation with the bicycle manufacturer Rotwild.
