"Rad Power Bikes has been sold following a small private auction held on January 22. Life Electric Vehicles Holdings (Life EV) submitted the winning bid at $13.2 million, with Retrospec listed as the $13 million backup bidder. The sale follows Rad's December 2025 Chapter 11 bankruptcy filing, during which the company reported $32.1 million in assets against $72.8 million in liabilities."
"With nearly three-quarters of a million Rad bikes on the road, preserving the brand ultimately benefits the broader e-bike community. Rad's story is also a reminder of how quickly fortunes can shift. A few years ago the company had raised over $329 million and carried a valuation of $1.65 billion, only to be sold for $13.2 million in a few short years time."
Rad Power Bikes was sold in a private auction on January 22 to Life Electric Vehicles Holdings for $13.2 million, with Retrospec listed as a $13 million backup bidder. The sale follows Rad's December 2025 Chapter 11 filing, which reported $32.1 million in assets against $72.8 million in liabilities. The transaction requires bankruptcy court approval and is expected to close between February 13 and 27. The sale includes remaining inventory, intellectual property, accounts receivable, company equipment, select contracts and leases, and related warranty obligations. Life EV previously purchased Serial 1 in 2023 and has not disclosed plans for the Rad product line.
Read at Electric Bike Reviews, News, & Testing
Unable to calculate read time
Collection
[
|
...
]