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.