PEDEGO ELECTRIC BIKES NAMED ONE OF THE “BEST ENTREPRENEURIAL COMPANIES IN AMERICA” BY ENTREPRENEUR MAGAZINE’S INAUGURAL E360 PERFORMANCE INDEX
IRVINE, Calif., Nov. 10, 2015 – Pedego® Electric Bikes, the world’s premier electric bicycle brand, was named one of the “Best Entrepreneurial Companies in America” by Entrepreneur magazine’s Entrepreneur360™ Performance Index, a premier study delivering the most comprehensive analysis of private companies in America. Based on this study forged by Entrepreneur, Pedego Electric Bikes is recognized as a company that exemplifies growth, not just in top and bottom line, but also in sustainability and ability to achieve lasting success.
“We are honored to be named one of Entrepreneur Magazine’s Best Entrepreneurial Companies in America,” said Don DiCostanzo, president and CEO of Pedego Electric Bikes. “Pedego started as an idea on a cocktail napkin in 2008, and today, Pedego electric bikes are sold in 800 stores in 40 countries, including nearly 70 Pedego individually owned stores.”
“The entrepreneurs at Pedego Electric Bikes identified a problem, came up with a unique solution, and bravely built their enterprises around it,” said Ryan Shea, president of Entrepreneur Media. “Pedego’s founders accomplished new ways of producing sustainable growth and are an inspiration to others who want to fulfill their own entrepreneurial goals.”
Pedego co-founders and best friends Don DiCostanzo, CEO, and Terry Sherry, CFO, loved to ride bikes, but they found that hills and headwinds took away some of the fun and made them ride less often. They looked for electric bikes but couldn’t find any with good quality, reliability or fun colors. Over dinner in November 2008, the two decided to create a company delivering quality electric bicycles in fun colors and styles. Pedego Electric Bikes shipped its first Comfort Cruiser electric bike in 2009.
Less than 10 years later, DiCostanzo and Sherry have built Pedego into the leading electric bicycle company worldwide. Pedego electric bicycles come in nine styles — including cruiser, commuter and mountain bike models — and hundreds of color combinations. They are sold at 800 stores in 40 countries. In fact, DiCostanzo and Sherry are creating other entrepreneurs by helping them open individually owned Pedego-branded stores. There are nearly 70 Pedego stores open to date with more opening in 2016.
For additional details on the E360 Performance Index and the companies recognized, visit: http://entm.ag/E360Index
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Pedego® Electric Bikes, the world’s premier electric bicycle brand, transforms people’s lives with fun and an abundance of delightful moments. Pedego’s stylish, colorful bikes boast the latest in electric bicycle technology and deliver a green alternative for transportation, exercise and recreation. Riders sail up hills and breeze through headwinds! Pedego “pedal or not” models include the Comfort Cruiser, City Commuter and Trail Tracker. Hailing from Orange County, Calif., Pedego is the fastest growing electric bicycle company in the world. Pedego electric bikes are sold in more than 800 stores in 40 countries. For more information, please visit http://www.pedegoelectricbikes.com/.