Rad Power Bikes Files for Bankruptcy, Seeks New Owner
Update: 2025-12-17
Description
Rad Power Bikes, an electric bike company, files for Chapter Eleven bankruptcy protection, aiming to find a buyer within 45-60 days. The company, facing a decline in demand post-pandemic, seeks to maintain relationships with customers, vendors, and partners. Meanwhile, the CPSC warns of potential battery risks, with Rad Power Bikes disagreeing. This comes after a series of challenges, including layoffs and leadership changes, as the company shifts to a retail-focused model.
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