Jon and Molly Krick, owners of Pedego McDowell Mountain in Scottsdale, Arizona.
IRVINE, Calif. (July 21, 2021) - Pedego Electric Bikes, an award-winning national electric bike company with over 200 stores globally, today announced, the company has surpassed an estimated $121 million in systemwide retail sales over the last twelve months.
Pedego Founder & CEO, Don DiCostanzo
The largest private e-bike company in the nation, has seen steady, strategic growth in sales and overall revenue coming off the hitch of the pandemic. Over the past 10 years, Pedego sales increased an average of 44.34%, annually. While the pandemic gave the e-bike business a fast pass in popularity, with rising industry sales 145% in 2020, Pedego is still riding the steady sales climb with their cult following.
The companys success is attributed to over 200 locally-owned stores around the world, an exclusive 5-year warranty with each bike purchase, a peer-to-peer bike sharing community and a ticket to healthy, outdoor fun. With locally-owned stores expanding the company's reach, Pedego is creating community upon community with peoples shared love of gathering, being outdoors and riding.
The Pedego community is one-of-a-kind and we owe our loyal enthusiasts the utmost gratitude as this milestone could not have been achieved without our Pedego family, said Don DiCostanzo, CEO of Pedego Electric Bikes. Our Pedego community connection will continue to expand our e-bike footprint with each passing year as we strengthen our voice with motivation, healthy inspiration and a renewed spirit.
Pedego lifestyle photo in San Francisco, California
About Pedego Electric Bikes
Founded in 2008, Pedego is the leading brand of electric bikes in North America. Pedego is famous for premium quality, five-star local service, and an industry leading five year warranty. A complete line of 18 electric bike models are available at over 200 locally-owned Pedego stores that offer sales, rentals, tours, accessories, and service. Visit www.pedego.com to find a store and try a Pedego.