Rad Power Bikes may close, cut jobs as pandemic boom cools

Rad Power Bikes may close, cut jobs as pandemic boom cools

Seattle-based Rad Power Bikes, former darling of the booming e-bike market, warned it could shut down amid slowing sales and the hangover of too-rapid growth during the pandemic. Read more...

Rad Power Bikes Faces Financial Woes, Notifies Employees & May Be Forced to Cease Operations

Rad Power Bikes based in Seattle, once touted as the most funded e-bike company in the world, has sent a letter to its employees noting that it “may be forced to cease operations” due its inability to ensure additional funding or partners, report multiple outlets. Rad Power Bikes, once the most funded e-bike company in the world, is facing a financial crisis. © The company letter to employees indicates that “no final decisions have been made,” an