The sports car manufacturer Porsche wants to develop its own drive systems for e-bikes in the future and use them in its own bicycles.
As the Stuttgart-based company announced on Monday, two joint ventures had been set up with the Dutch company Ponooc Investment.
The Porsche eBike Performance GmbH based in Ottobrunn (Munich district) should therefore develop electric drive systems for bicycles.
This included motors, batteries and the necessary software architecture for connectivity solutions, according to the announcement.
P2 eBike GmbH, based in Stuttgart, wants to use these drive systems to launch a new generation of Porsche e-bikes from the middle of the decade.
A spokesman did not want to comment on the amount of the planned investments.
As part of a cooperation with the bicycle manufacturer Rotwild, Porsche has two e-bikes in its range so far.
The stock market candidate Porsche had increased its operating result by almost a quarter to 3.48 billion euros in the first half of the year.
With sales growth of 8.5 percent, the return rose by two and a half percentage points to 19.4 percent compared to the same period last year, Porsche announced last week.
This is mainly due to a strong product mix, currency effects and other business areas.
At the same time, the Stuttgart-based sports car manufacturer sold almost 146,000 vehicles from January to June, five percent less than a year ago.
Despite the lack of chips and increased raw material and energy prices, Porsche is aiming for a return of between 17 and 18 percent for the year as a whole, and more than 20 percent in the long term.
A 12.5 percent stake in the Volkswagen subsidiary is to be floated on the stock exchange in the fourth quarter.
Porsche CEO Oliver Blume will succeed VW CEO Herbert Diess in September, but will continue to lead Porsche at the same time.
Due to possible conflicts of interest between the two posts, concerns have recently spread as to whether the IPO will take place and bring the promised benefits.