Pedego Electric Bikes Ranks Number 2349 on the 2016 Inc. 5000 With Three-year Sales Growth of 155 Percent

Pedego Is the Fastest-growing Bicycle Company on the Inc. 5000

FOUNTAIN VALLEY, Calif., Aug. 18, 2016 — Pedego® Electric Bikes ranks Number 2349 on the 2016 Inc. 5000 with three-year sales growth of 155 percent and is the highest-ranking bicycle company on the Inc. 5000. Published by Inc. magazine, the 35th annual Inc. 5000 is the most prestigious ranking of the nation’s fastest-growing private companies. The ranking is published in the September issue of Inc. Pedego was also recently named the fastest-growing electric bike company in the United States by Navigant Research.*

“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.

See Why Pedego Is Driving the Electric Bike Craze: Test Ride a Pedego Electric Bike

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.

Pedego Is the Fastest-growing Electric Bike Company in the United States

  • Pedego achieved 46 percent average growth for 2012–2015.
  • Pedego has more stores than any other brand: 85 independently owned stores.
  • Pedego expects to grow to 200 stores by the end of 2017 and 500 stores by 2020.
  • Pedego bikes are sold nationwide at Pedego stores and hundreds of bike shops.
  • Pedego has distributors in 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, 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!”
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Pedego Co-Founders Don DiCostanzo and Terry Sherry

 

Click here for Pedego Assets (Logo, Videos, Photos). See Pedego timeline.

*Click here for Navigant’s overview on Pedego and an executive summary of the report.

About Pedego

Pedego Electric Bikes, the fastest growing electric bicycle company in the United States, 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 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, California-based Pedego inspires riders to say, “Hello, Fun!”

 

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