FAZUA produces lightweight electric-bike drive systems and is widely credited with pioneering the "light e-bikes" category. The company supplies its drive technology to more than 40 major bike brands and employs over 100 people. Founded in 2013, FAZUA has grown with backing from investors including UVC Partners, which led its Series A in 2017. Its core product is a hardware-enabled, lightweight drive unit designed for integration into consumer e-bikes. Management emphasizes the need for the right partners to scale a hardware tech company, and FAZUA positions itself through strategic investor and manufacturing relationships. A recent minority investment by Porsche is intended to deepen e-mobility collaboration and support future growth. No revenue or valuation figures were disclosed in the article. FAZUA develops compact, lightweight drive systems for e-bikes, with the motor and battery packaged to fit inside the down tube of traditional bicycle frames. Founded in 2013 and based in Munich, the company supplies its system to more than 35 European manufacturers across e-mountain, e-urban, e-gravel, and e-racing segments. Investors and management cite consistent and profitable growth since UVC Partners' first investment in 2017. FAZUA manufactures under its own roof in Germany and emphasizes maintaining high quality as it scales. The company plans to expand its product range beyond the original 'evation' drive system. Recent financings were secured to fund that expansion and support continued growth. Fazua, founded in 2013 by Hannes Biechele and based in Munich, develops the evation drive system for e-bikes. The evation drive system is designed to be integrated into manufacturers’ products and engineered for high-performance riding and a natural ride feeling. Customers include CUBE, Focus, Bianchi, Fantic and Pinarello. The company received $8m in funding to support growth. Fazua intends to use the funds for product development and to expand its team. It is actively recruiting for roles in quality control, production management and electronic development. Fazua, led by managing director Marcus Schlüter, developed the evation e-bike motor and integrated drive system. The drive pack weighs 3.3 kilograms and contains a motor, battery and power electronics. Integrated into a bicycle's frame, the pack can be slotted out of an e-bike's down tube by hand and replaced with a cover, providing a plug-and-play user experience. Bicycle manufacturers are already planning sports and urban frame concepts around the system, with a market launch scheduled for summer 2017. Fazua completed a €3m Series B and intends to use the funds to set up production operations in Munich, deliver initial orders placed by manufacturers and further strengthen the team. Backers in the round included High-Tech Gründerfonds, Bayern Kapital, five private investors and new stakeholder Rolf Nied. Fazua GmbH, based in Munich, develops a compact e-bike drive system that clicks into a bike's down tube and can be removed. The drive pack weighs 3 kg and comprises a motor, battery and electronic system, and can be removed and replaced by a covering half-section. The company intends to finalize product development, construct optimized prototypes and run a comprehensive qualification process to determine quality. Funds will also be used to invest in production tooling, start series production, and build potential customer relationships. The first drives are due for production from 2016, and bikes with evation drives are expected to be commercially available the same year. Financially, Fazua completed a seven-figure euro Series A funding round to support these plans.

Total raised

$41M

Funding rounds

7

Latest round

Equity

Latest activity

Oct 2019