Porsche is acquiring a majority stake in e-bike manufacturer, Greyp Bikes. The move comes after interest from a third party with Porsche exercising right of first refusal having held a stake of around 10 per cent in the Croatian firm since 2018.

Earlier this year, Porsche announced two carbon fibre full-suspension e-bikes, their release timed to coincide with the launch of the electric Taycan Cross Turismo.

Greyp meanwhile recently unveiled several new additions to its G6 line of full suspension eMTBs. The bikes feature 90Nm MPF mid-drives with 700Wh batteries and 1080p HD cameras front and rear.

The e-bike firm was also in the news when it announced it would start accepting payments in nine different cryptocurrencies.

The takeover has not yet been legally completed, but is expected to be finalised by the end of the year.

“Porsche is a pioneer of sustainable mobility and is consistently driving forward its e-mobility strategy,” commented Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG.

“Our activities in the e-bike sector underline our consistent approach. Porsche has been a leading provider of plug-in hybrids for years. In 2019 we launched the first all-electric Porsche – the Taycan – and last year, one in three of the vehicles we delivered was fitted with an electric motor.

“Our ambitious goal is to have a CO2-neutral balance sheet across the entire value chain by 2030.”

A spokesperson said Porsche would be using the knowledge it has gained from developing the battery-electric drive for its cars in the e-bike market. “Electric bikes have a fixed place in the company’s e-mobility strategy and promise further potential,” they said.

Work is currently underway on updates to the Porsche Sport and Cross e-bikes in partnership with Rotwild.