FOUNTAIN VALLEY, Calif., Oct. 6, 2016 — Pedego® Electric Bikes has been ranked Number 34 on the Orange County Business Journal’s List of the Fastest-growing Mid-size Private Companies in Orange County. It grew 73.5 percent in revenues from 2014–2016.
“We attribute our stellar growth and being the Number 1 bicycle company to delighting our customers with colorful, high-quality electric bikes in 10 models and providing exceptional support to our dealer network,” said Pedego CEO and co-founder Don DiCostanzo.
Pedego is the fastest-growing bicycle company in the United States and is the highest-ranked bicycle company on the 2016 Inc. 5000 with three-year sales growth of 155 percent. Pedego was also recently named the fastest-growing electric bike company in the United States by Navigant Research.
Pedego was founded in 2008 by Don DiCostanzo, CEO, 59, and Terry Sherry, 60, two best friends who loved cycling but hated hills — and designed their first bike on a cocktail napkin. Its 10 colorful electric bicycle models are sold at 85 independently owned stores and at hundreds of bike shops as well as throughout Europe, Canada, South Africa, New Zealand and Russia.
Pedego’s Market Differentiation: Pedego Tagline Says It All — “Hello, Fun!”
- VARIETY — Pedego offers 10 models of high-quality colorful bikes, including cruisers, commuters, mountain and trail bikes, a cargo bike and an ingenious folding bike.
- SPEED — With a twist of the throttle, Pedego riders can go up to 20 MPH.
- COLOR — Hundreds of color combinations let consumers customize their bikes.
- TECHNOLOGY — PedalSense™ technology helps give riders extra help riding at five different power levels.
- FUN — Pedego riders enjoy “exercise disguised as fun,” going longer, farther and faster!
Pedego Electric Bikes is the Number 1 electric bike brand in the United States, according to a new report from Navigant Research. Pedego manufactures 10 high-quality, innovative models, including cruisers, tandems, commuters, fat-tire bikes, mountain bikes, cargo bikes and a convenient electric folding bike. Sold at more than 85 Pedego-branded stores and hundreds of independent electric bike dealers worldwide, Pedego’s stylish “pedal or not” electric bikes boast powerful, whisper-quiet motors that let riders sail up hills and breeze through headwinds with a smile. Available in hundreds of color combinations, Pedego electric bikes deliver a green alternative for transportation, exercise and recreation — transforming lives with fun and delight. Founded in 2008, Orange County, Calif.-based Pedego inspires riders to say, “Hello, Fun!”
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Teri Sawyer, T&Co.
Sandra Eckardt, T&Co.