Pedego is the fastest-growing bicycle company on the Inc. 5000
FOUNTAIN VALLEY, Calif., Aug. 17, 2017 — Pedego® Electric Bikes, the Number 1 electric bike brand, was ranked Number 2655 on Inc. Magazine’s 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. Pedego is the fastest-growing bicycle company, electric or not, on the Inc. 5000 with a three-year growth rate of 131.13 percent from 2013 to 2016.
“We attribute our continued exceptional growth to delighting our customers and helping our dealers be successful selling our colorful, high-quality electric bikes,” said Don DiCostanzo, Pedego CEO and co-founder.
Pedego was founded in 2008 by Don DiCostanzo, CEO, 60, and Terry Sherry, 61, two best friends who loved cycling but hated hills. They designed their first bike, an electric cruiser, on a cocktail napkin.
Pedego’s achievements include:
- Growth of 131.13 percent over three years (2013 to 2016)
- Dealer growth to more than 100 Pedego-branded stores worldwide
- 12 models of high-quality electric bikes, including the only electric tandem
- Named Number 1 electric bike brand by Navigant Research
Pedego was profiled in Inc. Magazine’s March 2017 issue. The article focused on Pedego’s unique business opportunity for Baby Boomers and others seeking an affordable, entrepreneurial lifestyle career.
Pedego® Electric Bikes is the Number 1 electric bike brand in the United States, according to Navigant Research. Pedego manufactures 12 high-quality, innovative models, including cruisers, tandems, commuters, fat-tire bikes, mountain bikes, cargo bikes and a convenient electric folding bike. Sold at nearly 100 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, Calif.-based Pedego inspires riders to say, “Hello, Fun!”
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.
Pedego Electric Bikes
Teri Sawyer, T&Co.
Sandra Eckardt, T&Co.