Rad Power Bikes has a new owner. Life EV officially acquired the bankrupt e-bike giant for $13.2M — here's what changes for customers.
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Life EV Officially Owns Rad Power Bikes Now
Rad Power Bikes Is Back: Life EV's $13.2M Rescue Explained Rad Power Bikes has a new owner — and your warranty might still be valid. Life Electric Vehicles Holdings (Life EV) has officially completed its acquisition of Rad Power Bikes, taking control of the brand's intellectual property, inventory, and key operating assets for $13.2 million. Here's everything you need to know about what this means for riders, gift card holders, and the future of one of America's most recognizable electric bike brands. From Bankruptcy Filing to New Ownership in Months
It's been a turbulent few months for Rad Power Bikes. The Seattle-based e-bike company — once a darling of the electric mobility world — filed for Chapter 11 bankruptcy protection in December, capping off a painful stretch that saw the brand publicly warn employees it could be forced to shut down entirely without a fresh injection of capital. That warning landed hard inside a company that had raised nearly $330 million in…
