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SUMMARY: The Cervelo P2 is one of the most iconic triathlon bikes of all time. The latest version of the P2 keeps with the Cervelo tradition of building aerodynamic AND practical triathlon frames. The fit is "middle of the road" and ideal for most athletes racing short or long course. The electric shifting is a great upgrade, but plan on adding the brake lever Di2 shifters for $300. In short, for the dollar the P2 Ultegra Di2 is simply one of the best triathlon bikes on the market.
The Frameset: The foundation of all bikes is the frame itself, and the P2 is a benchmark for most other triathlon bikes. The P2 is a full carbon fiber frame with full carbon fork. Cervelo provides bolt mounts on the top tube for a direct-mount bento box. Down tube water bottle mounts exist to address hydration needs. The primary Di2 e-tube wire hides away inside the frame, along with most of the other e-tube cables and small Junction B box. The Di2 battery mounts in front of the BB, on the underside of the downtube. The rear wheel mounts onto horizontal dropouts. This allows you to adjust the rear wheel clearance based on tire size and personal clearance preference.
The full carbon proprietary Cervelo seat post mounts to the frame with a single seat post wedge. Use carbon paste and torque to about 8nm and you'll experience no seatpost slippage. The saddle mount is infinitely adjustable in tilt, providing significant fore-aft adjustability.
The Fit: Cervelo didn't hold back on frame sizes for the P2 or P3: 6 frame sizes in total with a size run from 48cm to 61cm. Compare that to 3 or 4 frame sizes for many other manufacturers. More sizes = more likely a size exist that fits you well. Adding to the "fit-ability" of the bike is the versatile Profile Design T4+ aerobar and tradition stem. An ISM Prologue saddle sits atop the seatpost, and is a great spec for any triathlon bike. When it comes to saddles, comfort is highly individual. But we much prefer to see the Prologue on a tri bike than another Fizik Arione. Cervelo kept things simple with the setup, and the reward is a comfortable bike that fits most riders.
The Components: The P2 Ultegra Di2 is the same build as the standard P2 105, but with the basic Di2 package. That means you get the shifters, e-tube wiring, battery, derailleur, and charger. Missing is the brake lever shift, which will add ~$300 to the package. Well worth it in our opinion as the best benefit Di2 provides the triathlete is shifting from the brake position. The non-Di2 parts are practical but not flashy: 105 brakes, chain, 11-28t cassette, and Shimano R5 training wheelset. All parts that will serve you well.
Part of the P2's bullet-proof reliability has to do with Cervelo not trying to hide the brakes. Whatever tiny aero penalty exists using tradition brakes is worth the hours of life saved when swapping out wheels. We cannot count how many times we've thanked Cervelo for not hiding the brakes on this bike! If you need to shave a few precious seconds, considering adding one of the many aero brakes on the market that are compatible with this bike.
Add-Ons: All triathlon bikes need some accessories. For better or worse, Cervelo has decided to leave the add-ons to third party manufacturers. A direct mount bento box and rear bottle cage mount are two common add-ons. The benefit of not having any proprietary add-ons is that you can pick/choose what works best for you.
Areas of Concern: Our single request with this platform are addition water bottle cage mounts on the seat tube. Having the option for a second bottle on the frame would be great. Other than that, there isn't much to worry about with the P2 Di2- it's one of the best bets in the tri bike world.