Rad Power Bikes Reaches Deal To Sell Itself For $13.2M

Rad Power Bikes Reaches Deal To Sell Itself For $13.2M

Rad Power Bikes Sells for $13.2M After Bankruptcy Filing Rad Power Bikes has officially agreed to sell its assets for $13.2 million to Life Electric Vehicles Holdings, a Florida-based light electric vehicle manufacturer. The deal, approved through a bankruptcy auction on January 22, 2026, represents a stunning collapse for the once-dominant e-bike brand that reached a $1.65 billion valuation just four years ago. After entering Chapter 11 protection in December 2025, Rad Power attracted five bidders in a competitive auction that started at $8 million before Life EV emerged as the winning bidder. The transaction still requires final approval from a bankruptcy judge, but it signals both an end and a potential rebirth for one of America's most recognizable electric bike companies. Credit: Rad Power Bikes From Pandemic Darling to Bankruptcy in Under Five Years Rad Power Bikes became a household name during the 2020–2021 pandemic surge, when lockdowns and health concerns drove millions towa…