Rad Power Bikes (Series D)
Funding Details
- Awarder
- RSS - techcrunch.com
- Date Award
- August 02, 2024
- Vertical
- Transportation
- Funding URL
- View Funding Page
- Funding Amount:
- $300,000,000
Company Info
- Founding Year
- 2015
- Traction
- Rad Power Bikes has gone through five rounds of layoffs since April 2021, indicating ongoing operational challenges despite its popularity.
- Organizations Involved
- None
- Founders
- Mike Radenbaugh
- Company Description
- Rad Power Bikes is a Seattle-based e-bike startup known for their affordable, made-in-the-USA fat tire e-bikes. The company has raised more than $300 million from investors and has faced challenges in the e-bike industry, including multiple rounds of layoffs and a strategic pullback from European markets.
- Market
- E-Bikes
- Location
- Seattle, WA, US
- Coinvestors
- None