Rad Power Bikes gets a new owner, pledge to build bikes in the US
Life EV has completed a court-approved acquisition of Rad Power Bikes, a troubled e-bike brand. The new owner has pledged to honor existing warranties and build new bikes in the US. This acquisition follows a period of difficulty for Rad Power Bikes, including a Consumer Product Safety Commission warning about fire hazards associated with some of its e-bike batteries.
- Entities
- Company: Life EV
- Topic: E-bikes
- Company: Rad Power Bikes
- Company: Consumer Product Safety Commission
- Person: Rob Provost
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