Pegas (bicycle company)

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Pegas

Industry	Cycle manufacture
Founded	1972 (1972)
Headquarters	Bucharest , Romania
Key people	Andrei Botescu
Products	Bicycles (including workbikes) and tricycles
Number of employees	50
Website	bicicletapegas.ro

Pegas is the name of a bicycle produced in Romania since 1972 when the first adult model came on the market.

History[]

Production started in 1972 in (Uzina Mecanică Tohan, originally an armaments factory), the first model for adults coming to market that year. In 1975 Pegas introduced a bicycle for children and a stationary bicycle for indoor exercise. In the 1980s series Pegas diversified to multi-speed bicycles, including the five-speed Pegas 1027 Campion. In the 1990s it introduced 18-speed mountain bikes and hybrids, as well as a stationary bicycle equipped with electronic readouts.^[1]

Name and logo[]

The brand's logo, the winged horse Pegasus, is borrowed from Greek mythology as a "symbol of poetic inspiration" and of courage, swiftness, and adventurous spirit. One of the plant's slogans is taken from a letter written by French writer Gustave Flaubert: "Pegasus walks more often than he gallops; talent consists in making him take the desired pace."

Workshop Pegas[]

In 2012, no-one owned the rights to the Pegas name, so Romanian Andrei Botescu quickly registered the trademark.

Raising 70,000 euros ($77,000; £55,000) from savings, family, friends, and bank loans, he quit his medical research job and set up his business Workshop Pegas. Mr Botescu had no prior experience of either making bicycles, or running a business, but after taking on a specialist bike designer, his company was up and running.

In 2013 the firm sold 500 bicycles, which then doubled in 2014, and reached 3,000 in 2015. To help build up sales, Mr Botescu was savvy with his promotional work, setting up a Facebook page, a YouTube channel and Instagram account.^[2][3]

In January 2019 Pegas in collaboration with an experienced Romanian and US innovation team who has several projects funded on crowdfounding networks in the US presented a new project at the Consumer Electronics Show in Las Vegas, one of the largest technology fairs in the world: a smart training bicycle called Xmera - bionic bike. The product's website reads that Xmera is a hybrid vehicle that can be used both as a classic and an electric bike, with a long battery life, sensors that monitor movement through a mobile app and help locate the bike in case of theft, as well as an emergency SMS service. The Bionic Bicycle project involves the integration of an additional sensor that records the variation of brain waves with the help of a bicycle helmet and can use the information to change the intensity of the electric motor assistance voluntarily without the need for mechanical action.^[4]

References[]