Seattle-based Rad Power, once the darling of the ebike industry, filed for bankruptcy Monday with debts of $73 million while it seeks a buyer amid falling sales and product safety warnings.
14hon MSN
Rad Power Bikes’ biggest unpaid bill is $8.3M to US Customs, as tariffs squeeze the industry
The situation underscores the financial strain facing Rad and the broader e-bike industry after rapid growth during the COVID-19 pandemic gave way to slowing demand, rising costs and lingering trade ...
The filing revealed new details of the privately held company's ownership structure and financial predicament — including a ...
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