Expansion of its international market, a merge with VSC, and a new rear engine see Pendix posed to continue building on its success through 2021.
After another record year, Pendix, the market leader for electric bicycle retrofit drives, will continue expanding in 2022. For this purpose, the cargo bike manufacturer VSC BIKE GmbH, with which the Zwickau-based company has been cooperating closely since 2021, will be fully integrated into the Pendix Group. The focus of this will be on international postal service providers and customers with company fleets.
Despite the severe restrictions in the procurement of components such as battery cells, processors, and bicycle parts, Pendix exceeded its successful 2020 performance – overall, Pendix and its current 53 employees have generated impressive sales reaching into the double-digit million range. Outside of Germany, the Netherlands was again the strongest market, with sales growth of 30 percent. The Pendix brand is also strongly represented in France. In Australia, the Zwickau-based company doubled its sales compared to the previous year.
The product highlight of the past year was above all the presentation of the rear motor Pendix eDrive IN at IAA Mobility in Munich. The drive is a B2B product for the bicycle and micromobility sector. The Pendix developers have further developed the proven central motor into a generator and created a coherent overall package. At the trade fair, Pendix presented both the individual motors and the integration for delivery bicycles with three wheels. Above all, the innovative serial hybrid version of the Pendix eDrive IN generated enthusiasm. The rear engine will be launched later this year and will be delivered to pilot customers.
Despite all the turbulence, managing director Thomas Herzog is satisfied with the past year: “2021 was a pretty mixed year for the bicycle industry. The tense delivery situation worldwide has also presented us with challenges. We have therefore decided to concentrate on production and only offer the high-demand battery variants with 300 Wh and 500 Wh. Even if the bottlenecks will be with us for a while, we are well-positioned and look to 2022 with confidence.”