Rad Power Bikes raises $154M after $150M earlier in 2021 to expand retail, service network and operations

Rad Power Bikes raised $154 million in a new financing round after a $150 million infusion in February to expand its e-bike business, grow retail/service locations, and scale operations amid rising demand. The Seattle-based company, with more than 350,000 riders and 625 employees, plans to triple physical locations and speed deliveries to one-week fulfillment in North America.

TTy Collins MMike Radenbaugh VVulcan Capital RRad Power Bikes