Articles about Rad Power Bikes

Rad Power Bikes’ new owner wants to rehire employees, open stores and return e-bike brand to glory days

Robert Provost, CEO of South Florida-based Life Electric Vehicles Holdings, Inc., laid out an ambitious roadmap to overhaul and energize the new company, Rad Life Mobility. Read More

Rad Power Bikes brand will live on as Life EV completes acquisition of Seattle e-bike maker’s assets

Life EV announced that its court-approved asset acquisition had been completed as part of Rad’s bankruptcy process. The South Florida-based company paid $13.2 million for the e-bike maker that was once valued at $1.65 billion. Read More

Rad Power Bikes sells for $13.2M as asset auction attracts bidders for bankrupt e-bike maker

South Florida-based Life Electric Vehicles was the winning bidder, and subject to court approval, will acquire all Rad inventory, intellectual property and more. Read More

Fire at Rad Power Bikes retail facility in California is latest trouble for Seattle startup

The Seattle-based e-bike company did not share a cause for the fire, which happened when the store was closed. Read More

Rad Power Bikes rider’s DIY solution for potential battery fire sparks broader safety discussion

The fire concerns come amid heightened scrutiny of e-bike battery safety. A Seattle Fire Dept. official offered insights on risks and proper handling recommendations. Read More

Rad Power Bikes closing stores in Vancouver, B.C., and Florida; 7 more will remain open

The Seattle-based company confirmed that seven stores will remain open, including in Seattle. Read More

New CEO leading Rad Power Bikes in the midst of e-bike seller’s bankruptcy proceedings

Angelina “Angy” Smith, who has been chief financial officer at the company since April, assumed the leadership position earlier this month, becoming Rad’s fourth CEO in three years. Read More

Rad Power Bikes’ biggest unpaid bill is $8.3M to U.S. Customs, as tariffs squeeze the industry

The situation underscores the financial strain facing Rad and the broader e-bike industry after rapid growth during the COVID-19 pandemic gave way to slowing demand, rising costs and lingering trade pressures. Read More

Rad Power Bikes files for bankruptcy protection as Seattle e-bike maker pursues potential sale

The filing revealed new details of the privately held company’s ownership structure and financial predicament — including a steady decline in revenue, and liabilities more than double its assets. Read More

Rad Power Bikes hits another roadblock as U.S. safety commission issues product safety warning

The U.S. Consumer Product Safety Commission said some Rad batteries “can unexpectedly ignite and explode,” but the e-bike maker disputed the agency’s findings. Read More

The rise and fall of Rad Power Bikes: From breakout success to the brink of shutdown

Rad started as a scrappy hardware startup and grew into the largest e-bike seller in North America. But a series of missteps and macroeconomic challenges led to more than seven rounds of layoffs and a remarkable downfall. Read More

Seattle’s long history of hardware heartbreak: Big raises, high hopes, hard landings

Seattle’s consumer-hardware ambitions are once again colliding with economic reality. The struggles of Glowforge and Rad Power Bikes echo a long regional history of big raises, high hopes, and hard landings — shaped by the pandemic, venture capital, and the unforgiving nature of building real products. Read More

Rad Power Bikes faces possible shutdown as it tries to survive ‘significant financial challenges’

A potential closure, detailed in a required state filing, would spell the end of the company and mark a stunning collapse for Rad Power Bikes, which was once Seattle’s highest-profile consumer hardware startup, riding pandemic-era e-bike demand to unicorn status. Read More

Tech Moves: Rad Power Bikes names former Bartell Drugs leader Kathi Lentzsch as its new CEO

Seattle-based e-bike maker Rad Power Bikes named Kathi Lentzsch as its new CEO. Lentzsch previously ran Bartell Drugs as CEO… Read More

Rad Power Bikes CEO Phil Molyneux is out in latest shakeup at Seattle e-bike maker

Phil Molyneux is no longer CEO of Rad Power Bikes, more than two years after the former Sony president took… Read More

Used e-bike trade-in program at Rad Power Bikes stores aims to broaden electric mobility access

Seattle-based Rad Power Bikes is partnering with Upway, a marketplace for new and pre-owned electric bikes, to allow customers to… Read More

More layoffs at Rad Power Bikes as Seattle e-bike maker aims to ensure ‘brand’s longevity’

Seattle-based Rad Power Bikes made more cuts to its workforce in July, the latest in a wave of layoffs that… Read More

Rad Power Bikes closing retail store in New York in latest cutback for Seattle e-bike maker

Rad Power Bikes is closing its retail store location in Brooklyn, N.Y., the Seattle-based e-bike maker confirmed Thursday, citing the… Read More

Rad Power Bikes backpedals out of Europe and lays off employees again

Rad Power Bikes is leaving Europe. The Seattle-based startup confirmed that it will cease selling its electric bikes to customers… Read More

Rad Power Bikes lays off employees for the 4th time in the past year

Rad Power Bikes is laying off employees for the fourth time since April of last year. The Seattle-based e-bike company… Read More

Rad Power Bikes lays off employees for the third time this year

Rad Power Bikes is conducting its third round of layoffs this year, citing an effort to reduce costs amid the broader… Read More

Rad Power Bikes launches RadTrike, a three-wheeled model of its e-bike

Rad Power Bikes announced today that it’s launching a trike version of its electric bikes. Customers can take demo models… Read More

Rad Power Bikes CEO Mike Radenbaugh replaced by former Sony leader Phil Molyneux

Rad Power Bikes CEO Mike Radenbaugh is stepping down from his position at the Seattle-based e-bike company. Rad confirmed to GeekWire… Read More

Rad expands to rentals: Seattle e-bike startup debuts subscription plan in Berlin

The biggest e-bike company in North America is for the first time offering its bikes to consumers through a subscription… Read More

Rad Power Bikes cuts about 10% of staff, citing economic uncertainty and rising operating costs

Rad Power Bikes is laying off 63 employees, citing an effort to be a more “self-sustaining business” amid the broader… Read More

Rad Power Bikes lays off 100 employees, about 14% of staff, after raising $304M last year

Rad Power Bikes is slashing 100 jobs from its 725-person workforce as part of what the Seattle e-bike business describes… Read More

Meet the unicorns: A look at the Seattle-area startups that boast valuations over $1 billion

Editor’s note: This post has been updated to add startups that were not initially included in the list. Icertis’ valuation… Read More

Rad Power Bikes lands $154M, its second mega round this year, to boost e-bike business

The gist: Rad Power Bikes just raised $154 million to fuel growth of its e-bike business. The round comes after… Read More

Rad Power Bikes raises massive $150M round to scale e-bike business across globe

After a pandemic year that spurred huge demand for its e-bikes, Rad Power Bikes is raising $150 million to fuel… Read More

GeekWire 200 Update: Seattle and Pacific NW startups raise big funding rounds amid pandemic

The leading privately-held companies across the Pacific Northwest are raising giant swaths of cash and increasing their valuations despite the… Read More