"On November 7th, the Seattle-based Rad Power Bikes filed a Worker Adjustment and Retraining Notification (WARN) with the State of Washington. This announcement, which follows a state law requiring businesses with more than 100 employees to provide a 60-day notice prior to shutting down, states that the company may need to close its doors and permanently lay off its 64 employees in January of next year."
"One of the most eye-catching new releases we've seen from the past week is Scott's Fastlane electric road bike. With a carbon fiber frame and fork, a stealthy TQ mid-drive, and a fully internal battery, it's tough to tell this model is even an e-bike! Additionally, the e-bike refurbisher Upway has acquired a new round of funding to expand its operations and presence."
Rad Power Bikes filed a WARN notice with Washington state on November 7, warning of a possible shutdown and permanent layoff of 64 employees in January 2026. The company experienced rapid pandemic-era growth followed by layoffs, leadership changes, legal troubles, excess inventory, and rising import tariffs that strained finances. Rad's leadership is pursuing strategic partnerships, acquisitions, or additional funding to avoid closure. Scott released the Fastlane electric road bike featuring a carbon fiber frame and fork, a TQ mid-drive, and a fully internal battery that conceals the motor and pack. Upway secured new funding to expand operations and open brick-and-mortar refurbishment centers in Denver and other cities.
Read at Electric Bike Reviews, News, & Testing
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