Life Electric Vehicles Holdings Inc. is expected to acquire Rad Power Bikes' assets for $13.2 million, outbidding four other companies during an auction for the e-bike brand that declared Chapter 11 ...
Life EV’s purchase of the company is around 99% lower than that its peak valuation ...
Rad Power Bikes, once North America’s most recognizable and widely sold electric bike brand, has agreed to sell its assets in a bankruptcy auction for approximately 13.2 million dollars to Life ...
Rad Power Bikes has officially found a buyer. Just over a month after entering the bankruptcy process, the once-dominant ...
South Florida-based Life Electric Vehicles was the winning bidder, and subject to court approval, will acquire all Rad ...
A company called Life Electric Vehicle Holdings has emerged as the top bidder for Rad Power's assets. It's not clear what the ...
Florida-based Life EV won the auction to buy the struggling e-bike brand last week, as reported by TechCrunch. The sale comes just a month after Rad Power Bikes filed for Chapter 11 bankruptcy ...