IRVINE, Calif. (BRAIN) — Pedego Electric Bikes, which now has more than 200 retail stores globally, says the locations have surpassed $121 million in system-wide retail sales over the last 12 months.
The stores are locally owned under license, not franchise, agreements.
Pedego said over the past 10 years its sales have increased an average of 44% annually.
"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, the 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," he said.
