Pedego Named Number 1 Electric Bike Brand by Navigant Research
Second Largest Unit Seller in Electric Bikes in the United States
FOUNTAIN VALLEY, Calif., July 12, 2016 — Pedego® Electric Bikes was named the Number 1 electric bike brand sold in the United States and the second largest unit seller in the United States, according to a new report from Navigant Research.
According to Navigant, electric bicycles are the highest-selling electric vehicle on the planet, with nearly 35 million unit sales forecast worldwide for 2016. In North America, electric bikes are hitting the big-time with 152,000 units expected to be sold in 2016.
“We attribute our stellar growth 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 was founded in 2008 with a bike design on a cocktail napkin by DiCostanzo and his best friend Terry Sherry, CFO, who wanted to ride bikes but hated hills and headwinds. Pedego has grown an average of 46 percent for the past four years (2012–2015). In addition to its 83 branded stores, Pedego bikes are sold in hundreds of independent bike shops worldwide and is the choice of leading tour companies including Dylan’s Tours.
Click here for Navigant’s overview on Pedego and an executive summary of the report.
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 83 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!” For more information, please visit https://www.pedegoelectricbikes.com/.