Rad Power Bikes is a consumer-direct business that designs electric bikes that are packed with power, comfort, and utility, and we bring them directly to customers at radical prices.
Rad Power boasts a full lineup of affordable ebikes and accessories that are changing the way people and goods move.
Rad Power was founded in 2017 by Mike Radenbaugh, alongside with Ty Collins. The company is headquartered in Seattle, Washington, with offices in Vancouver, British Columbia and Utrecht, Netherlands.
Rad Power has launched dozens of new bike accessories and multiple new e-bikes this year, despite the supply chain shortages that have caused delays on product releases across industries.
Rad has multiple source suppliers and manufacturing partners across continents to fall back on and has even started chartering its own vessels to ensure bikes are delivered.
Rad opened up multiple distribution centers this year, and by the end of the year, expects to triple its capacity to deliver bikes and accessories to customers within five days. The company boasts 350,000 customers.
Rad is backed by Fidelity Management & Research Company, Counterpoint Global (Morgan Stanley), Vulcan Capital, Durable Capital Partners LP, The Rise Fund, and others. The company raised $154M in Series D round on Oct 28, 2021. This brings Rad's total funding to $329.3M to date.
$150M in a new round on Feb 04, 2021. This brings Rad Power's total funding to $175.3M to date.