Rad Power Bikes
Retail · Washington, United States · 562 Employees
When Mike Radenbaugh was 15, living in the steep hills of Humboldt County, California, he started going to a regional high school 17 miles away from his house. The bus was unreliable in his rural town and the terrain was too intense to bike. Radenbaugh decided to build an electrically powered bicycle, and he bought a motorcycle lead-acid battery and a brushless motor and got to work. With his makeshift prototype, he could go 35 miles an hour and ride to school without breaking a sweat. His town newspaper wrote a story about him and his invention. Paying customers then came knocking, which later helped him save up for college. Radenbaugh and his childhood best friend, Ty Collins, dreamed of building Rad Power Bikes into a real company one day. After getting his master's degree in electric-vehicle manufacturing, Radenbaugh, along with Collins and college friend Marimar White-Espin, launched an Indiegogo campaign to raise $40,000. The campaign went viral and the three made $320,650 in electric-bike presales. They decided to go for it and moved to Seattle to launch their company. After finding the right manufacturer in China and raising $180,000 from angel investors, Rad Power started delivering on its presales. The company, which sells its bikes directly to customers online in the U.S., Canada, and Europe, brought in $45 million in 2018. With more than 100 employees and 30,000 square feet of retail space in Seattle, the company is firing on all cylinders. --Will Yakowicz
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- Rad Power Bikes is closing its retail store location in Brooklyn, N.Y., the Seattle-based e-bike maker confirmed Thursday, citing the need to make more organizational changes after a wave of recent layoffs. Rad Power Bikes declined to share a date of closure, how many employees would be impacted, or and updated headcount. The Brooklyn RadRetail location opened in October 2022. According to Rad’s website, there are several other RadRetail locations in the U.S., including Seattle,
- Rad Power Bikes is leaving Europe. The Seattle-based startup confirmed that it will cease selling its electric bikes to customers in the United Kingdom and European Union starting in 2024. The company said it also plans to lay off “fewer than 40 employees,” marking its fifth round of job cuts since April 2021. It did not provide an updated headcount. Rad first launched an office in Europe six years ago. The closure is part of
- Rad Power Bikes is laying off employees for the fourth time since April of last year. The Seattle-based e-bike company confirmed the latest round of cuts on Wednesday. It did not provide an updated headcount, or information on which positions are being affected. Rad Power Bikes slashed 100 positions in April 2021, then made another 63 cuts in July, and had its third round of layoffs in December. The company now has around 400 employees, according to LinkedIn.
Rad Power Bikes Launches RadRunner 3 Plus and New Cargo Accessories, Adding Greater Versatility to its LineupWith a focus on developing electric bikes for everyone, these new offerings empower riders with customizable options to get more out of every ride SEATTLE, March 1, 2023 /PRNewswire/ -- Rad Power Bikes™ today unveiled the RadRunner 3 Plus, a new model that caters to riders who are looking...
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When Mike Radenbaugh was 15, living in the steep hills of Humboldt County, California, he started going to a regional high school 17 miles away from his house. The bus was unreliable in his rural town and the terrain was too intense to bike. Radenbaugh decided to build an electrically powered bicycle, and he bought a motorcycle lead-acid battery an...