Volkswagen Financial Services acquires minority stake in Pon Holding’s leasing subsidiary
September 7, 2023
Volkswagen Financial Services (VW FS) and Pon Holdings (Pon) have announced a development in their partnership in company bike leasing with VW FS acquiring a 49% stake in the Pon bike leasing subsidiary Bike Mobility Services (BMS).
The Memorandum of Understanding (MoU) on this strategic alliance was signed at the IAA Mobility motor show in Munich earlier this week. The aim is to jointly expand in the growing bicycle and e-bike leasing business in Europe and the USA. Bike Biz