7/31/2023 0 Comments New unite us 150m![]() I can’t wait for everyone to see what we will deliver in 2021 and beyond. Demand for our products has outpaced our wildest projections every year, and this partnership is helping us accelerate in-house innovation while creating more of what our customers tell us they love. ![]() We are thrilled to be working with this group of prestigious investors who are known for successful, long-term investments, and share our vision for the future of mobility. Rowe Price Associates.Įxisting investors from Rad Power Bikes’ previous funding round Durable Capital Partners LP and Vulcan Capital also participated in the most recent round.Īs founder and CEO Mike Radenbaugh explained in a statement provided to Electrek: The $150 million represents a minority investment from a series of partners including Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. But now on the heels of the biggest e-bike boom in history, the company is pulling in its latest funding round at six times the previous figure. This time last year we were talking about Rad Power Bikes landing an impressive $25 million investment. Sales for 2020 are estimated to have topped 100,000 e-bikes and are growing quickly. Rad Power Bikes is the largest e-bike company in the US. Rad Power Bikes has announced a large funding round that will see $150 million added to the industry-leading electric bicycle company’s coffers.
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