PIERER Mobility AG and Maxcom Ltd. decided to form a joint venture wherein they each have a 50 % interest. The total investment volume is EUR 40 million. A e-bike production facility is being built on an area of 130,000 m². International suppliers are also given the opportunity to set up production facilities on site. Commissioning is planned for the second half of 2023. The annual production capacity is around 350,000 pieces.