Rad Power Bikes raises $150M minority investment to scale global e-bike business

Rad Power Bikes raised a $150 million minority investment to expand globally after pandemic-driven demand, planning to double its 325-person workforce and grow its showrooms and service stations. The profitable Seattle-based company — claiming 200,000 riders in 30+ countries and roughly $100M revenue in 2019 — will use the funds to scale operations and international footprint.