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Rad Power Bikes reaches deal to sell itself for $13.2M
Yahoo Finance· 2026-01-26 19:56
Core Insights - Rad Power Bikes has agreed to sell itself to Life Electric Vehicles Holdings for approximately $13.2 million following its bankruptcy filing [1] - The auction for Rad Power's assets involved five entities, with Life EV winning the bid that totaled $14.9 million when liabilities were considered [2] - Retrospec placed the second-highest bid at $13 million and is designated as the backup bidder if the deal with Life EV does not proceed [3] Company Performance - Rad Power's valuation peaked at $1.65 billion in October 2021, but the recent bids reflect a significant decline in value [3] - The company has raised a total of $329.2 million according to PitchBook data [3] - Rad Power experienced a surge in sales during the pandemic but faced challenges as demand decreased, leading to layoffs and management changes [6] Industry Context - Rad Power is not alone in seeking bankruptcy protection; other micromobility companies like VanMoof and Cake have also undergone restructurings [4] - The industry has seen a trend of companies struggling post-pandemic, with scooter company Bird also going through bankruptcy [4] - Issues with battery safety have been a concern for Rad Power, with the Consumer Product Safety Commission reporting 31 fires linked to its batteries [6]
First Look at the $2,000 Segway Myon Electric Bike
CNET· 2026-01-24 08:01
just really up there. This is the Segue Mayion, one of three electric bikes that Segue just debuted, and it's the most traditional ebike shaped one. So, let's talk about this fully featured electric bike.It's got a 500 watt electric motor that when you add your pedaling power to it, gives you around 1,500 watts of pedal power. That means that you have a range with the battery in here of around 80 miles, which is pretty good. You can probably ride around a week on that before you need to recharge it.It's got ...
TechCrunch Mobility: Bankruptcy takes out two
Yahoo Finance· 2025-12-21 17:00
Bankruptcy Developments - Rad Power Bikes has filed for Chapter 11 bankruptcy protection, indicating potential shutdown without new funding, while planning to sell the business within 45-60 days [1] - Luminar, a lidar manufacturer, has also filed for bankruptcy after experiencing layoffs, executive departures, and a legal dispute with Volvo, with plans to sell off its business and semiconductor subsidiary [2][3] Industry Trends - Despite the bankruptcies, the year 2025 has seen innovation and growth in the emerging robotaxi industry, with new autonomous vehicle-adjacent companies expected to trend in 2026 [4] - Waymo's rapid growth has significantly driven the scale of robotaxis, with Zoox and Tesla also entering the market, leading to increased competition and scrutiny over safety in the coming year [5] Automotive Sector Adjustments - Ford is shifting its strategy by ending production of the fully-electric F-150 Lightning, focusing more on hybrids and gas-powered vehicles, while introducing an "extended range electric vehicle" version of the truck [6][7] - The company is also venturing into the energy storage business and remains committed to launching a midsized electric truck by 2027 [7]
Anycom Unleashes the DB1 Electric Dirt Bike, A Lightweight All-Terrain New Breed
Globenewswire· 2025-10-08 06:13
Core Insights - Anycom has launched the Anycom DB1, an electric dirt bike designed for both urban riding and off-road adventures, aiming to empower riders to "STAGE ANYWHERE" [2][14] Product Features - The DB1 combines professional-grade mountain off-roading capabilities with urban style, featuring a sleek design and lightweight frame for urban mobility [3][14] - Engineered for optimal performance, the DB1 achieves a perfect 50:50 front-to-rear weight distribution, enhancing balance, stability, and handling on various terrains [5] - The bike is equipped with a high-torque, mid-drive motor that provides superior torque delivery, allowing for immediate acceleration and consistent power on steep inclines [7] - A sophisticated full suspension system absorbs impacts from rough terrains, allowing riders to customize the bike's feel based on their weight and riding style [9][10] - The DB1 features a thickly padded seat for comfort during long rides and includes a sports bottle holder for hydration on the go [11] Versatility - The DB1 offers dual-mode functionality, allowing riders to switch between pedal-assist mode for compliance with local regulations and pure electric mode for full throttle control [13] - This versatility positions the DB1 as both a practical daily commuter and a thrilling weekend adventure bike [13] Company Vision - Anycom emphasizes its commitment to redefining electric dirt bikes by merging off-road power with urban practicality, promoting a lifestyle of modern freedom [14]