Kathi Lentzsch
Kathi Lentzsch previously served as CEO at Rad Power Bikes.
Rad Power Bikes — once a $1.65B e-bike unicorn — files Chapter 11 after CPSC battery-fire recall and January 2026 warehouse blaze
Rad Power Bikes grew rapidly to a $1.65 billion valuation and dominant North American market share but collapsed after leadership exits, executive turnover, layoffs, a CPSC battery-fire recall in November 2025, Chapter 11 bankruptcy in December 2025, and a Huntington Beach warehouse fire in January 2026.
Rad Power Bikes Appoints Angelina Smith as CEO Amid Chapter 11 Bankruptcy with $73M Liabilities
Rad Power Bikes named Angelina Smith as CEO amid Chapter 11 bankruptcy proceedings, marking the company's fourth CEO change in three years. The Seattle-based e-bike maker filed for bankruptcy due to declining revenues and economic challenges following a pandemic-era sales boom.
Seattle’s Rad Power Bikes Files for Chapter 11 Bankruptcy with $73M Liabilities Amid Declining Revenue, Pursues Sale to Stay Afloat
Seattle-based Rad Power Bikes filed for Chapter 11 bankruptcy protection amid declining revenue and liabilities over twice its assets, while pursuing a sale to keep the company operating. The filing follows a recent CPSC safety warning over battery issues and ongoing financial challenges threatening the company's future and 64 jobs.
Organizations
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Rad Power Bikes Former CEO · current
