# Rad Power Bikes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rad-power-bikes

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Seattle, US
- Website: www.radpowerbikes.com/
- Total disclosed funding: $179M
- Latest round: Series D (Oct 28, 2021)
- Investors on record: 6

## About

Based in Washington, US, and founded in 2007, Rad Power Bikes LLC operates as a manufacturer of various kinds of electric bicycles .The company was founded by Mike Radenbaugh and Ty Collins. The company has created 11 different kinds of electric bikes and are sold in 30 countries. As of February 2021, there are 325 employees, with showrooms and customer support offices located in Utrecht, The Netherlands, and Vancouver, British Columbia, Canada. In?December 2025,?Rad Power Bikes Inc. filed for chapter 11 bankruptcy protection.

Various engineers and specialists from the research and development team develop the various e-bikes that Rad Power Bikes offer such as the RadMission, RadWagon, RadRunner, RadRunner Plus, RadRover, RadRover Step-Thru, and RadMini, including accessories for e-bike customization. The company also offers e-bike assembly, technical maintenance, an online help center, and product support for its customers. Rad Power Bikes are offered through their online store, showroom centers, and local bike shop partners.

The company plans to double its team by the end of 2021 and add more retail showrooms, service locations, e-bike accessories, and contract manufacturers.

## Funding rounds

- Series D, Oct 28, 2021, $154M — Morgan Stanley Investment Management, T Rowe Price, TPG, Fidelity Investments, Vulcan, Durable Capital Partners
- Series C, Feb 4, 2021 — Morgan Stanley Investment Management, T Rowe Price, TPG, Fidelity Investments, Vulcan, Durable Capital Partners
- Series B, Feb 5, 2020, $25M — Vulcan, Durable Capital Partners

## Investors

- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B, Series C, Series D
- Durable Capital Partners — Series B, Series C, Series D
- Morgan Stanley Investment Management — Series C, Series D
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C, Series D
- TPG (https://capitalatlas.ai/funds/tpg) — Series C, Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C, Series D