#bankruptcy-and-acquisition
#bankruptcy-and-acquisition

[ follow ]

Life EV officially owns Rad Power Bikes now | TechCrunch

Rad Power Bikes, a buzzy electric bike company that raised nearly $330 million in venture capital, filed for Chapter 11 bankruptcy protection in December. The company had struggled for months prior to its bankruptcy filing, and had warned employees it might have to shut down without new capital.

Bicycling

fromEngadget

3 days ago

Rad Power Bikes gets a new owner, pledge to build bikes in the US

Life EV acquired bankrupt e-bike brand Rad Power Bikes, obtaining its brand, intellectual property, and inventory, with plans to continue US operations and expand to select markets.

[ Load more ]

#bankruptcy-and-acquisition#bankruptcy-and-acquisition

Life EV officially owns Rad Power Bikes now | TechCrunch

Rad Power Bikes gets a new owner, pledge to build bikes in the US

#bankruptcy-and-acquisition
#bankruptcy-and-acquisition