Electric Bikes conti

Published on June 16th, 2014 | by Chris Demorro

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ContiTech Acquires Benchmark To Boost E-Bike Business

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June 16th, 2014 by Chris Demorro
 

conti

Electric bikes could become the world’s most popular transportation solution in the coming decade, and automakers know it, leading to a flurry of e-bike concepts in the past year. Automotive parts suppliers are also paying attention. Green Car Congress reports that with Germany’s Continential AG, or just ContiTech, acquiring e-bike drive maker Benchmark in a move to prepare for an e-bike dominated future.

The two companies have long been partners, with ContiTech and Benchmark even presenting a complete e-bike drive system last year. Since 2012, the duo have been selling the Conti Drive System, which replaces the traditional bike chain with a timing belt of sorts. This eliminates the need for frequent chain lubrication, which ContiTech spins as more environmentally friendly.

Both companies are heavily involved in the growing e-bike market, which stands to see a lot of consolidation over the next decade. With Benchmark now firmly in ContiTech’s corner, it’ll be interesting to see what the combined brainpower comes up with.

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About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or esle, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.



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