Rad Power Bikes Sells for $13.2M as Asset Auction Attracts Bidders for Bankrupt E-Bike Maker

Rad Power Bikes may be saved? A mysterious buyer steps forward

Rad Power Bikes has officially found a buyer. Just over a month after entering the bankruptcy process, the once-dominant direct-to-consumer electric bike brand has reached an agreement to sell its assets. 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.

Rad Power Bikes reaches deal to sell itself for $13.2 million

A company called Life Electric Vehicle Holdings has emerged as the top bidder for Rad Power's assets. It's not clear what the company plans to do with them, though.

Life Electric Vehicles set to acquire Rad Power Bikes for $13.2 million

SEATTLE (BRAIN) — Life Electric Vehicles Holdings Inc. is expected to acquire Rad Power Bikes' assets for $13.2 million, outbidding four other companies during an auction for the e-bike brand that declared Chapter 11 bankruptcy protection last month. Based in Deerfield Beach, Florida, Life EV agreed to acquire Rad Power's assets for $13,276,102 in cash. After accounting for liabilities, the total purchase price is $14,926,706. Xander Bicycle Cor…

BLK ALERTS - Rad Power Bikes reaches deal to sell itself for $13.2M

A company called Life Electric Vehicle Holdings has emerged as the top bidder for Rad Power’s assets. It’s not clear what the company plans to do with them, though.