Subject: AWD
Pedego Electric Bikes Ranks 3125 on the 2018 Inc. 5000, Marking Its Fifth Consecutive Year on the Ranking
FOUNTAIN VALLEY, Calif., Aug. 16, 2018 /PRNewswire-iReach/ -- Pedego® Electric Bikes, the Number 1 electric bike brand, ranked Number 3125 on Inc. Magazine's 37th 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 127 percent from 2014 to 2017. It has been the ranking's top-ranked bicycle company for the past three consecutive years.
Pedego is one of only 322 companies on this year's ranking that have ranked on the Inc. 5000 for five years. It is also one of the mere 10 percent of companies that have ever made the ranking for five years. Pedego is the ranking's 18th fastest-growing consumer products and services company in the Greater Los Angeles area.
"We are proud to rank on the Inc. 5000 for the fifth consecutive year. We attribute our continued exceptional growth to delighting our customers and helping our Pedego-branded store owners 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, 61, and Terry Sherry, 62, 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 127 percent over three years (2014 to 2017)
- Growth to more than 135 Pedego-branded stores worldwide
- 15 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 135 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. 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.
Media Contact: Teri Sawyer, Pedego Electric Bikes, 7148011687, [email protected]
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SOURCE Pedego Electric Bikes
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