Porsche announces two companies for the manufacture of e-bikes.

It has been declared that both companies are joint ventures.

This luxury car maker brand has announced two new electric bike companies due to the popularity of electric bikes.

P2 eBike GmbH and Porsche eBike Performance GmbH are the new e-bike companies that Porsche has founded.

A Dutch company called Ponooc Investment B.V. was hired by Porsche for this.

According to Porsche eBike Performance Gmbh, the company will specialize in building motors, batteries, and software for electric bicycles.

Using the technology of electric bicycle manufacturer FAZUA, the company will be able to accomplish this.

In addition, people are increasingly switching to electric second-wheelers such as scooters, motorcycles, and bicycles as the electric car market grows.