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.
Rad Power Bikes Faces Potential Shutdown by January 2026 Amid Financial Struggles and Job Losses
Rad Power Bikes, a leading Seattle-based e-bike company that reached unicorn status during the pandemic, is facing potential shutdown due to significant financial challenges, with a possible closure impacting 64 jobs as early as January 2026. The company is exploring funding or acquisition options after a promising deal fell through and cites a drop in consumer demand, tariffs, and macroeconomic issues as contributing factors.
Rad Power Bikes Names Kathi Lentzsch, Former Bartell Drugs CEO, as New CEO Amid Strategic Retail Shift
Seattle-based e-bike company Rad Power Bikes appointed Kathi Lentzsch, former CEO of Bartell Drugs, as its new CEO amid a strategic shift to retail-focused operations and recent layoffs. Lentzsch replaces Phil Molyneux, who led the company for over two years during a period marked by lawsuits and recalls.
Organizations
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Rad Power Bikes Former CEO · current
