Polestar is the latest auto manufacturer to join the electric bike market. Multiple sources inform us that the Swedish company is now looking to expand its battery-powered vehicles lineup with the electric two-wheeler.
Polestar Ventures Into E-bike Market
As reported by The Verge, Polestar's CEO, Thomas Ingenlath, confirmed the company's plans to manufacture its own electric bike with the collaboration of Allebike, a previous partner who assisted Polestar in developing a non-electric mountain bike.
The CEO clarified that this product expansion is not a marketing stunt and that Polestar will make its bikes rather than rebrand-bought ones.
Talking about rebranded bikes, Ingenlath was taking a hit on other car manufacturers releasing their series of e-bikes through brand licensing.
This is some strong language from the company CEO. Still, it is interesting to see Polestar take satisfaction in avoiding the easier route to its electric bike, although announcing that it will once again collaborate with Allebike to build the Polestar e-bike.
Meanwhile, Electrek tells us that the company's CEO has also announced that Polestar will collaborate with Swedish sports bike company Allebike to manufacture the revealed electric bike.
This is not Polestar's first collaboration with Allebike on a project. Polestar collaborated with Allebike in July to create its rendition of a mountain bike. The Allebike Alpha Polestar Edition costs $9,500 and is limited to only 100 units.
The original collaboration between the two resulted in a premium pedal mountain bike featuring progressive geometry, pedal efficiency, and custom Öhlins dampers. This time, the partnership will shift its focus to Polestar's specialty: electric vehicles.
According to Electrek, Polestar will emulate companies like Harley-Davidson that built their two-wheelers from scratch. Famously, Harley-Davidson spent years creating their well-liked electric bikes, which developed as an independent e-bike firm called Serial 1.
In the past, Polestar has worked with other partners to complete various two-wheeler projects. Last year, it unveiled a special edition Makka electric bike that could be charged while towing behind a Polestar electric car in collaboration with Swedish electric motorbike manufacturer CAKE. In that instance, CAKE did all the heavy lifting by providing the partnership with an almost finished electric moped design.
Strong Numbers
It is hardly surprising that the company is experimenting with a new EV industry. Polestar is, after all, one of the fastest-growing EV companies this year.
Polestar is scheduled to produce 50,000 vehicles by 2022, according to CNBC, after its facility resumed total production following setbacks caused by Covid outbreaks in China. Polestar's stock was up around 3% in premarket trade following the announcement.
EV manufacturers like Polestar have identified an opportunity in the e-mobility industry. With the support of battery technology and manufacturing knowledge, it is a natural step for an EV company to expand its offerings.
Polestar has yet to release further information about the partnership and the planned e-bike.
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