Rad Power Bikes Files for Bankruptcy
Update: 2025-12-17
Description
Rad Power Bikes, an electric bike company, has filed for Chapter Eleven bankruptcy protection, aiming to sell the business within 45-60 days. The company, with $32 million in assets and $73 million in liabilities, seeks to maintain relationships with customers, vendors, and partners. The bankruptcy comes after a warning about older batteries posing fire risks, which Rad Power Bikes disputes. The company joins other e-bike firms facing bankruptcy post-pandemic, with some finding new owners through restructuring.
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