Porsche to acquire a majority stake in Greyp Bikes.

Porsche, an automobile manufacturer, agreed to acquire a majority stake in Greyp Bikes, an e-bike manufacturer. Financial terms were not disclosed. “Porsche is a pioneer of sustainable mobility and is consistently driving forward its e-mobility strategy. 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,” Lutz Meschke, Porsche Deputy Chairman.