Porsche to acquire majority stake in electric bikes producer Greyp

Porsche to acquire majority stake in electric bikes producer Greyp

Phptp. Greyp Bikes


November 22, 2021






November 22, 2021





Automotive giant Porsche AG will acquire a majority stake in Croatian electric bike producer Greyp Bikes. One of the founders of Greyp Bikes is Mate Rimac, owner of Rimac Automobili.

Since 2018, Porsche has controlled a stake of around 10 percent in Greyp via Porsche Ventures.

The German company bought its initial share at the same time as its stake in Rimac Automobili. Porsche has now decided to acquire a majority stake in Greyp Bikes, according to a press release by the Croatian bike producer.

The expansion of Porsche’s shareholding in Greyp takes place within a potential expansion of activities in the electric bicycle segment.

Mate Rimac and other Greyp founders will stay on as minority owners, Greyp Bikes said.

Another proof of Croatia being an electric vehicle R&D hotspot

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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Dubai based Origin manufacture install EV chargers Serbia

Dubai-based Origin to manufacture, install EV chargers in Serbia

23 March 2023 - Origin, headquartered in the United Arab Emirates, said it would start manufacturing and installing electric car charging stations in Serbia

Bojan Kumer new energy ministry investments in renewables

Bojan Kumer to set up new energy ministry, expects EUR 1 billion in investments in renewables

16 January 2023 - Bojan Kumer, currently the infrastructure minister, announced the investments during the presentation of his agenda

Hydrogen filling station Vis island Croatia

Hydrogen filling station project underway on Vis island in Croatia

04 January 2023 - The City of Vis and the H2 association are developing a plan to build the first hydrogen filling station in Croatia

Cyprus first green hydrogen plant fueling trucks

Cyprus to get first green hydrogen plant – for fueling trucks

26 December 2022 - A 2 MW electrolyzer project in Cyprus was selected for a grant through the EU's Innovation Fund in a program for small-scale green tech