Friday, October 30, 2020

Bosch sets up division for e-bike motors as strong growth continues

There’s no mentioning whatsoever on the results of its eBike Systems subsidiary in the last week published extensive 2018 financial report of the Bosch Group. Nothing on revenues, production numbers or sales growth.

Only in a small single paragraph something is said about the e-bike activities of the huge Bosch company that raised nearly 80 billion euro in revenues. But that one small paragraph reveals a lot on where the Bosch e-bike activities are heading for.

The precise meaning of these plans is stated in the Bosch Group’s 2018 annual report. Here it says “Part of our strategy is also to expand our business activities into adjacent business areas. We have achieved this with the e-bike. Since launching drive systems for e-bikes in 2010, we have been able to significantly expand our business. Bosch has also introduced ABS for e-bikes. In response to continuing strong growth in the e-bike segment, we plan to set up a separate e-bike division at the beginning of 2020.”

This new division will become part of the business sector ‘Mobility Solutions’. This is the biggest business sector of the Bosch Group. The 2018 financial report furthers on it with “In the Mobility Solutions business sector, our goal is to become one of the leading suppliers in the field of electric, automated, and connected driving, and in connected mobility services. At the same time, we are intensifying our efforts to combine different modes of transport.”

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Nelson
Nelson
Nelson is a writer for LooksDangerous and currently rides a Boosted Mini X, Exway X1 Pro and Segway ES2. Co-founder of dutch lobbygroup LegaalRijden, which focusses on legalizing ESK8 in the Netherlands.
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