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August 15, 2019
Pedego is one of the fastest-growing bicycle companies on the 2019 Inc. 5000
FOUNTAIN VALLEY, Calif., Aug. 15, 2019 — Pedego® Electric Bikes, the Number 1 electric bike brand, ranked Number 3393 on Inc. Magazine’s 38th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. Pedego has ranked on the Inc. 5000 for six consecutive years. It is one of just 10 consumer products companies that has made the Inc. 5000 for six years.
Pedego is one of the fastest-growing bicycle companies, electric or not, on the 2019 Inc. 5000 with a three-year growth rate of 105 percent from 2015 to 2018. It has been the ranking’s top-ranked bicycle company for the past five consecutive years.
“We are proud to rank on the Inc. 5000 for the sixth consecutive year. We attribute our continued exceptional growth to delighting our customers and empowering our Pedego-branded store owners to be successful selling our colorful, high-quality electric bikes,” said Don DiCostanzo, CEO and co-founder of Pedego Electric Bikes.
Pedego was founded in 2008 by CEO Don DiCostanzo, 62, and Terry Sherry, 63, 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 105 percent over three years (2015 to 2018)
-Expansion to more than 150 Pedego-branded stores worldwide
-Offers 20 models of high-quality electric bikes, including the only electric tandem
-Named Number 1 electric bike brand by Navigant Research
About Pedego Electric Bikes
Pedego® Electric Bikes is the Number 1 electric bike brand in the United States, according to Navigant Research. Sold at more than 125 Pedego-branded stores and hundreds of independent electric bike dealers worldwide, Pedego electric bikes have 250- to 500-watt motors that empower riders to conquer hills and breeze through headwinds, cruising distances up to 60 miles on a single battery charge. The twist-and-go throttle gives riders instant manual control over their speeds while Pedal Assist automatically adds power to their pedaling. Available in hundreds of color combinations, Pedego’s high-quality, innovative “pedal or not” models include cruisers, tandems, commuters, fat-tire bikes, mountain bikes, cargo bikes, a trike and a convenient electric folding bike. Pedego electric bikes deliver fun, exercise and a green alternative for transportation — transforming lives with fun and delight. Free test rides are available at every Pedego store. 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. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
Pedego PR Contacts
Teri Sawyer, T&Co.
Sandra Eckardt, T&Co.