Mike Radenbaugh
Mike Radenbaugh is currently the co-founder at Rad Power Bikes, a startup he founded and where he remains active.
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.
Life EV Acquires Rad Power Bikes for $13.2M, Preserves Brand After Bankruptcy
Life Electric Vehicles Holdings completed the $13.2 million acquisition of Rad Power Bikes' assets following Rad's bankruptcy, preserving the brand and planning U.S. expansions. The South Florida company intends to maintain Rad's retail presence and enhance product innovation and assembly quality.
Life Electric Vehicles Wins $13.2M Bid for Rad Power Bikes Assets in Bankruptcy Auction
Rad Power Bikes, once valued at $1.65 billion, auctioned its assets for $13.2 million as part of bankruptcy proceedings, with South Florida-based Life Electric Vehicles winning the bid pending court approval. Life EV will acquire Rad's inventory, intellectual property, and liabilities, while Rad's future brand status and employee impact remain uncertain.
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 CEO Phil Molyneux Steps Down Amid Strategic Shift and Layoffs; CFO Stephanie Roberts Named Interim CEO
Phil Molyneux has stepped down as CEO of Rad Power Bikes after more than two years, with CFO Stephanie Roberts serving as interim CEO during the leadership transition. The Seattle-based e-bike company is undergoing a strategic shift toward physical retail, resulting in additional layoffs and operational changes.
Rad Power Bikes Conducts Sixth Layoff Round in July 2023 to Secure Brand Longevity Amid Economic Challenges
Seattle-based Rad Power Bikes conducted its sixth round of layoffs in July 2023, citing economic challenges and rising costs, without specifying affected departments or headcount. The company aims to ensure long-term sustainability and continue supporting its e-bike customers across North America.
Rad Power Bikes to Close Brooklyn Store as Part of Organizational Changes After Multiple Layoff Rounds
Seattle-based Rad Power Bikes is closing its Brooklyn retail store amid ongoing organizational changes following multiple layoffs and a recent exit from the European market. The company cited the need for efficiency and sustainability in a challenging market but did not disclose closure dates or affected employee numbers.
Rad Power Bikes Executes Fourth Round of Layoffs Since April 2021 Amid Economic and Legal Challenges
Rad Power Bikes has laid off employees for the fourth time since April 2021, reducing its workforce amid economic challenges and legal issues. The Seattle-based e-bike company now has around 400 employees and is working to become more sustainable under new leadership.
Rad Power Bikes Conducts Third Layoff in 2023 Amid Economic Downturn and Operational Challenges
Rad Power Bikes is conducting its third round of layoffs in 2023 to reduce costs amid an economic downturn, having previously cut 163 jobs this year from its nearly 500 employees. The Seattle-based company has faced multiple challenges including lawsuits and product recalls, while also recently launching a new three-wheeled electric bike.
Rad Power Bikes Launches $2,499 RadTrike Three-Wheeled E-Bike Shipping January 2023 Amid Leadership Changes
Rad Power Bikes announced the RadTrike, a three-wheeled electric bike available for pre-order at $2,499 and shipping starting January 2023, aiming to provide accessible cycling options. The company recently underwent leadership changes and faced operational challenges including layoffs, lawsuits, and a product recall.
Rad Power Bikes CEO Mike Radenbaugh Steps Down, Phil Molyneux Named Successor Amid Company Challenges
Rad Power Bikes CEO Mike Radenbaugh is stepping down and will be replaced by Phil Molyneux, former Sony Electronics president, while Radenbaugh stays on as chairman. The company, valued at $1.65 billion in 2021 and having raised $304 million last year, has faced layoffs, lawsuits, and a large product recall recently.
GeekWire updates Seattle list as Highspot raises $248M at $3.5B; SeekOut and Icertis added to 16 local unicorns
GeekWire updated its list of Seattle-area 'unicorn' startups (privately held companies valued at $1B+) after additions and a valuation change for Icertis, noting recent entrants like SeekOut and Highspot, which raised $248 million at a $3.5 billion valuation. The article highlights that the Seattle cohort includes 16 unicorns, none led by a female or Black CEO, and that many CEOs have Microsoft backgrounds amid a global surge in unicorns and venture funding.
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.
Ty Collins announces Rad Power Bikes featured on NPR’s How I Built This with Guy Raz after years of effort
Ty Collins announces that after years of hoping, he and Mike Radenbaugh succeeded in getting Rad Power Bikes featured on NPR's How I Built This with Guy Raz.
Rad Power Bikes co-founder Ty Collins steps down to advisory role; WRF CEO Ron Howell to retire end of April
Rad Power Bikes co-founder and former CMO Ty Collins has stepped down and moved into an advisory role while remaining involved; the company is profitable and raised $150 million earlier this year. Washington Research Foundation CEO Ron Howell will retire at the end of April after 29 years, with CFO Jeff Eby serving as acting CEO.
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.
GeekWire: Pacific NW startups raise big rounds — Vacasa $108M, Remitly $85M, Auth0 $120M, OfferUp $120M, Outreach $50M; Qumulo hits $1B
Pacific Northwest privately-held tech startups raised large funding rounds and increased valuations during the 2020 economic crisis, with several firms hitting or exceeding $1 billion valuations and total H1 2020 investment of $2.3 billion across 135 deals.
Organizations
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Rad Power Bikes Co-founder · current
