Pedego Electric Bikes Named to OC Business Journal’s List of Fastest Growing Companies
Pedego Ranked Number 25 With Impressive 75.6 Percent Growth Over Two Years
FOUNTAIN VALLEY, Calif., Sept. 26, 2018 — Pedego® Electric Bikes was ranked Number 25 on “The Fastest-Growing Private Companies: Midsize Companies” list published by the Orange County Business Journal (OCBJ) on Sept. 17, 2018. Among what OCBJ describes as “the comprehensive source of information on the top players in this segment,” Pedego earned the rank of Number 25 with its remarkable growth of 75.6 percent over two years. Pedego is the Number 1 electric bike brand in the United States, according to Navigant Research.
Pedego’s Extraordinary Worldwide Growth
Founded in 2008, Pedego is marking its first decade in business this year. In just 10 years’ time, Pedego has accomplished astounding growth, including:
- More than 140 Pedego-branded stores worldwide
- More than 100 U.S. Pedego-branded stores
- Eleven Pedego-branded stores throughout Europe: the Czech Republic, Finland, France, Germany, Ireland, Italy, Luxembourg, Portugal, Sweden, Switzerland and the United Kingdom
- Eight Pedego-branded stores in Canada: Calgary, Hamilton, Kawartha Lakes, Oyama, Prince Edward County, Qualicum Beach, Vancouver, and Victoria
- Two Pedego branded-stores in Mexico: Cozumel and Mexico City
- 15 innovative models of high-quality electric bikes
Companies considered for the list must be headquartered in Orange County and have at least $300,000 in revenue for the 12 months prior to and including June 2016. The list is ranked by revenue growth as measured by sales for the ensuing two-year period.
“We owe our success to the rapidly escalating number of people who fall in love with our electric bikes, including our devoted Pedego store owners,” said Pedego co-founder and CEO Don DiCostanzo. “Once someone rides a Pedego electric bike, they’re hooked. They get people back on bikes, enjoying the freedom and joy of riding a bike. They provide many fitness benefits, and they enable commuters to arrive at work feeling cool and energized. Plus, they’re just so much fun.”
Pedego® Electric Bikes is the Number 1 electric bike brand in the United States, according to Navigant Research. Sold at more than 140 Pedego-branded stores and hundreds of independent electric bike dealers worldwide, Pedego electric bikes have 250- to 500-watt motors that empower riders to conquer hills and breeze through headwinds, cruising distances up to 60 miles on a single battery charge. The twist-and-go throttle gives riders instant manual control over their speeds while Pedal Assist automatically adds power to their pedaling. Available in hundreds of color combinations, Pedego’s high-quality, innovative “pedal or not” models include cruisers, tandems, commuters, fat-tire bikes, mountain bikes, cargo bikes, a trike and a convenient electric folding bike. Pedego electric bikes deliver fun, exercise and a green alternative for transportation — transforming lives with fun and delight. Free test rides are available at every Pedego store. Founded in 2008, Orange County, Calif.-based Pedego inspires riders to say, “Hello, Fun!”
Teri Sawyer, T&Co.
Sandra Eckardt, T&Co.