Porsche to acquire majority stake in electric bikes producer Greyp
Summary
Automotive giant Porsche AG will acquire the majority stake in Croatian electric bike producer Greyp Bikes. The German company bought its initial share at the same time as its stake in Rimac Automobili. Mate Rimac, CEO of Rimac Group, stressed Greyp has created the most connected and technologically advanced e-bikes on the market but that it has been “in the shadow of Rimac and could never flourish in its full potential.” It will secure a great future for Greyp employees and bring tremendous value for Croatia as another proof of being an electric vehicle R&D hotspot, Rimac added. The Porsche investment comes as a confirmation of Greyp’s vision of micro-mobility, which redefines the user experience of e-biking through software and IoT. Micro-mobility will play a large role in the future of transport, and Greyp, as part of the Porsche family, will be one of the main protagonists in the electrifying and thrilling narrative, the electric bike maker said.