Porsche acquires a majority stake in high-end electric bike maker Greyp

Porsche acquires a majority stake in high-end electric bike maker Greyp


Croatian electric bike manufacturer Greyp Bikes has a new majority shareholder: Porsche. The sports car manufacturer’s venture capital arm, Porsche Ventures, has held a stake of around 10 percent in the e-bike company since 2018.

Greyp (pronounced like the fruit) was founded Mate Rimac — aka “Croatia’s Elon Musk” — the brainchild behind electric supercar startup Rimac Automobili. The company makes highly connected, extremely powerful electric mountain bikes, including the $10,000 flagship, full-suspension G6. The company sells its bikes in Europe and recently launched its US operations based in San Pedro, Calif.

The investment is another sign of…

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