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--- transportation:rad [2026/01/29 01:07] – [Bankruptcy 2025] timb
+++ transportation:rad [2026/03/06 22:29] (current) – [Bankruptcy 2025] timb
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 https://finance.yahoo.com/news/rad-power-bikes-reaches-deal-195633790.html
+== Rad Power Bikes gets a new owner, pledge to build bikes in the US ==
+Life EV has completed the acquisition of the well-known e-bike brand, which recently filed for bankruptcy.
+Matt Tate - Fri, March 6, 2026 at 6:46 AM PST
+Life EV has completed a court-approved acquisition of Rad Power Bikes, granting a second life to the troubled e-bike brand.
+The Florida-based Life EV now owns Rad’s brand, intellectual property, inventory and certain unspecified operating assets, and will continue to operate as Rad Power Bikes in the US, with plans to expand to "select key markets."
+Rad’s new owner has committed to honoring certain warranties and gift cards purchased prior to the acquisition, and says new bikes will be built in the US going forward. Life EV will adopt a Foreign Trade Zone (FTZ) structure for its manufacturing operations, allowing it to take advantage of special domestic customs procedures when sourcing parts from global suppliers.
+"Rad Power Bikes has helped define the e-bike category in North America with its innovative products and passionate rider community," said Life EV CEO, Rob Provost. "Respecting and preserving that legacy - its brand, vision, and leadership - is foundational to this acquisition. Together, we will build on that trust and create new opportunities for riders nationwide."
+https://www.engadget.com/transportation/rad-power-bikes-gets-a-new-owner-pledge-to-build-bikes-in-the-us-144641940.html
+== Life EV officially owns Rad Power Bikes now ==
+Kirsten Korosec - 1:56 PM PST March 6, 2026
+Life Electric Vehicles Holdings, also known as Life EV, officially owns the intellectual property, inventory, and certain operating assets of Rad Power Bikes. Life EV acquired Rad Power for $13.2 million.
+Rad Power Bikes, a buzzy electric bike company that raised nearly $330 million in venture capital, filed for Chapter 11 bankruptcy protection in December. The company had struggled for months prior to its bankruptcy filing, and had warned employees it might have to shut down without new capital.
+Life EV intends to keep the company intact and said it will continue retail operations under the Rad Power Bikes brand in the United States. It also plans to expand the retail footprint in select key markets. Life EV also pledged to support existing customers who might be wondering what would become of their bike warranties or even gift cards.
+https://techcrunch.com/2026/03/06/life-ev-officially-owns-rad-power-bikes-now/