Wheel-E Podcast: Rad Got Bought, NJ Hates E-Bikes, Fake UL Lawsuit, More

Wheel-E Podcast: Rad got bought, NJ hates e-bikes, fake UL lawsuit, more

This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional...

Rad Power Bikes Set to be Acquired by Life Electric Vehicles Holdings Inc. for $13.2 Million

Life Electric Vehicles Holdings Inc. (Life EV) has the top bid at $13.2 million to acquire Rad Power Bikes that declared Chapter 11 bankruptcy protection last month according to Tech Crunch that first reported the sale. Once touted as the most funded e-bike company in the world, Rad Power Bikes raised upwards of $324 million and was once valued at $1.65 billion. Rad Power Bikes to be acquired by Life Electric Vehicles Holdings Inc. for $13.2 mil…

Rad Power Bikes thrown a lifeline by US electric vehicle giant

Rad Power Bikes' rocky times appear to have come to an end: the beleaguered e-bike company has officially been auctioned off to Life EV with a $13.2 million cash offer set for official approval on 30 January. "The auction resulted in a successful bid, along with a backup bid, for the purchase of certain Rad assets," a Rad spokesperson told Geekwire.