Rad Power Bikes is an American direct-to-consumer electric bicycle brand based in Seattle, Washington, founded in 2007 by Mike Radenbaugh. The company designed and sold electric bikes, accessories, and related components primarily across North America, becoming the largest e-bike brand in North America with more than 350,000 units sold. After a post-pandemic decline in e-bike demand, tariff pressures, and a federal battery fire-hazard warning, Rad Power filed for Chapter 11 bankruptcy in December 2025 and its assets were acquired by Life Electric Vehicles Holdings (Life EV Group) in early 2026, with operations continuing under the Rad Power Bikes brand.
Rad Power Bikes has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2007
Employees
51–200
Total Funding
$329M
4 rounds
Latest Valuation
$1.65B
Oct 28, 2021
SEC offering statement names Jim Brown president and CEO of Rad Life Mobility, the company now operating the Rad Power Bikes brand.
Brown steps up from president; Rob Provost moves to executive chairman under new ownership.
Reportedly exploring acquisition of QuietKat as new owner's third e-bike brand.
Signals new owner's roll-up strategy; not a Rad Power Bikes equity event.
Life Electric Vehicles completed a $13.2M court-approved asset acquisition out of Chapter 11.
Confirms near-total value wipeout vs. the $1.65B peak private mark; asset sale, not equity continuation.
Filed for Chapter 11 bankruptcy protection while seeking a buyer for the business.
Bankruptcy signals near-total loss of equity value for prior holders.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $329M across 4 rounds
Last updated 09-24-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Oct 28, 2021 | Series D TechCrunch | $154M | $1.65B | Fidelity Management & Research Company |
| Feb 4, 2021 | Series C TechCrunch | $150M | — | Counterpoint Global (Morgan Stanley) |
| Feb 5, 2020 | Series B | $25M | — | Vulcan Capital, Durable Capital Partners LP |
James Brown
President & Chief Executive Officer, Rad Life Mobility (Rad Power Bikes' owner)
Robert Provost
Executive Chairman, Rad Life Mobility; CEO, Life Electric Vehicles Holdings
Daniel Del Aguila
Chief Operating Officer, Rad Life Mobility
Ivan Drusc
Chief Financial Officer, Rad Life Mobility
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