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Rad Power Bikes Raises $154 Million

Started by Ryan, October 29, 2021, 07:02:11 PM

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Ryan

It is hard to believe Rad just raised $154 million after raising $150 million earlier this year (total $329 million in funding). Here is my article on it: https://ebikeescape.com/rad-power-bikes-raises-154-million/

Sounds like we will see a bigger footprint for mobile service and standalone locations. The most interesting bit of news is that they are investing in US and European manufacturing. I'll be curious to see how this all plays out.

Altema

It is surprising that they raised that much so soon after the last time. I guess the redesign of the Rover and Rad City improved their outlook. Mobile service and standalone locations? Hmmm, maybe I should have applied for a job with Rad instead!

Ryan

Quote from: Altema on October 30, 2021, 12:54:16 PM
It is surprising that they raised that much so soon after the last time. I guess the redesign of the Rover and Rad City improved their outlook. Mobile service and standalone locations? Hmmm, maybe I should have applied for a job with Rad instead!

You'd make a great Rad employee I have no doubt! Kind of wonder if the early employees got stock options - the amount raised is just crazy.