Tag Archive: RadPower

  1. LEVA-EU member Rad Power Bikes launches UK website

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    Rad Power has recently announced the launch of a new UK-only website for customers in England, Scotland, Wales, and Northern Ireland. In 2022, the brand’s priority is to improve its processes and create a better experience for customers, and this new initiative aims to do exactly that! 

    The details:

    The new website; radpowerbikes.co.uk is built to serve customers in the UK. Products, prices, and inventory levels are specific to deliveries in these regions, dispatching from a Manchester-based warehouse. 

    What does this mean for Rad Power customers? 
    With this new addition to UK operations, Rad Power will shorten the delivery timeframes for in-stock products from eight weeks to 15 working days on all UK deliveries. 

    The radpowerbikes.eu site will now only serve customers with delivery addresses in the EU.

  2. Introducing the RadExpand 5 – Rad Power Bikes

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    LEVA-EU member Rad Power Bikes expands its range with the latest generation of electric folding bikes. This RadExpand 5 is lighter, has bigger all-terrain tires, handles better, comes with a heavy-duty rear rack preinstalled, and is available in a black (and white) frame.

    After the resounding success of previous models, Rad Power Bikes took on the feedback received from many of the 400,000 riders in the community to create a new edition to meet new desires. From here the RadExpand range was born.

    The RadExpand 5 is a natural go-getter with all the benefits of a regular folding bike. “It’s a lot of little things,” says Rad Power Bikes Chief Product Officer Redwood Stephens, “that add up to a big difference.” The main change launching this e-bike off-road and onward to adventure is the tire width – the RadExpand’s tires are now four inches wide, a true “fat tire” e-bike for tackling all terrain. It offers improved ergonomics for a wider range of riders, courtesy of adjustable high-rise handlebars that can be moved in or back. And, should a rider want to load up with cargo – the bike’s high quality and heavy-duty included rear rack will allow so.

    The new step-through frame allows for riders of heights 147cm to 178cm and is the ideal frame for those with limited mobility. Additionally, the bike’s weight has been reduced by 2.3kg, motor cable adjustments have been made for easier maintenance, and a new ergonomic saddle with a built-in handle makes for easier riding and transportation.

    The RadExpand “provides incredible value,” emphasizes Redwood. “The value for what you get is off the charts – you have a 250-watt powertrain coupled with a 672-watt-hour battery that takes you up to 70+ kilometers per charge, and Rad-engineered details you expect.” Such details include waterproof connectors, electrically integrated lights, and puncture-resistant tires.

    View the RadExpand 5 product page here.

  3. Rad Power Bikes secures extra $154 million investment becoming most funded ebike company in the world

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    This funding comes on the heels of a previous $150 million investment the company announced in February of this year, marking investors’ confidence in the company’s leadership position and the enormous role for ebikes as a climate solution

    SEATTLE, Oct. 28, 2021 — Rad Power Bikes™, North America’s largest ebike company, today announced $154 million in funding from existing investors to supercharge its global efforts to get more people out of cars and onto electric bikes. This round is led by Fidelity Management & Research Company LLC, with investments from funds and accounts advised by T. Rowe Price Associates, Inc., Counterpoint Global (Morgan Stanley), Vulcan Capital, Durable Capital Partners LP, and The Rise Fund, TPG’s multi-sector global impact investing strategy. This funding will be used to boost investments in product and technology innovation, accelerate the company’s omni-channel sales and support channels, and diversify manufacturing and supply chains, including investments in North American and European production.

    “I built my first ebike in my garage 15 years ago. Since then I’ve been on a mission to get as many people on ebikes as possible because of the countless ways they improve people’s lives,” said Mike Radenbaugh, CEO and Founder, Rad Power Bikes. “We believe in practical and utilitarian ebikes for the masses, which has led us to creating entirely new categories of ebikes, and drives our accessible pricing, inclusive product design, and industry-pioneering direct-to-consumer sales and service. This record-breaking investment from some of the world’s most respected late-stage investors accelerates our efforts to redefine transportation and mobility, offering car-replacement solutions to people from all walks of life that are energy efficient, enjoyable and accessible.”

    “We believe that as an industry leader, Rad Power Bikes has a compelling market opportunity to fulfill the potential of ebikes as an effective transportation and mobility solution globally,” said Andrew Davis, Director of Private Investments at T. Rowe Price. “In our view, they have the management team, technology strength, and operational expertise to succeed over the long term and to play an important role in addressing the world’s current and future climate challenges.”

    With its community of riders growing rapidly, Rad Power Bikes is expanding its physical footprint for those who need service or want to shop in person. This funding will accelerate the expansion of Rad Mobile Service and Rad Retail Stores, tripling the number of physical locations by the end of 2022.

    In 2021, the company opened multiple new distribution centers, and by year’s end will have tripled capacity to deliver bikes and accessories to more customers within a week or less of ordering in North America. Rad Power Bikes will use this investment to continue increasing and strengthening its logistics and fulfillment capabilities, including new distribution centers in the U.S, Canada, U.K. and Europe.

    Ebikes are critical to addressing the global climate crisis as gas powered transportation is the largest contributor to carbon emissions in the U.S. There are an estimated 250 million cars on U.S. roads, with 59 percent of car trips being five miles or less.1 The EPA estimates that if everyone in the U.S. ditched their cars for just half of their trips under one mile there’d be savings of 2 million metric tons of CO2 per year — the equivalent to taking 400,000 cars off the road.2 Rad Power Bikes travel up to 45 miles or more on a single charge, allowing riders to replace much longer trips and take an even bigger bite out of carbon emissions. In addition to greatly reducing emissions, ebikes get people moving, improving their mental and physical health. Studies show that people who regularly commute by bike have a lower risk of death associated with cardiovascular disease or cancer, according to the British Medical Journal3; notably, a recent study found that ebike riders saw increased health benefits by riding more often and for longer than traditional bike riders.4

    “Replacing cars requires innovative solutions. We obsess over our customers and how our bikes and accessories can best fit into their daily lives and replace car trips. From teens and professionals commuting to school and work, to parents running errands and dropping kids off at school, to retirees discovering the joy of riding again with loved ones, and even our commercial last-mile customers delivering groceries in busy city streets,” said Radenbaugh. “People worldwide are turning to ebikes over cars, getting exercise and enjoying their commute rather than dreading it — all while feeling great about reducing their emissions.”

    This investment brings total financing transactions since the inception of the company to over $329 million, the most funding for a direct-to-consumer ebike company to date.

    J.P. Morgan acted as sole placement agent on the transaction.

    1 – National Household Travel Survey

    2 – Environmental Protection Agency

    3 – British Medical Journal

    4 – Transportation Research Interdisciplinary Perspectives

    Source: Rad Power

  4. Rad Power Bikes Reimagines Transportation, Introduces RadCity 5 Plus in North America and Europe on World Car Free Day

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    Popular commuter ebike transforms urban micromobility, slashing unnecessary car trips and energy consumption while fostering fun and healthy lifestyles

    SEATTLE and UTRECHT, Netherlands – SEPTEMBER 22, 2021 — Today, Rad Power Bikes™, North America’s largest electric bike brand, unveils the RadCity 5 Plus, the next generation of its versatile commuter ebike giving urban dwellers the freedom to adopt healthier, affordable and convenient alternative transportation options in their daily lives. Featuring a removable semi-integrated battery, a custom geared-hub motor that climbs hills 40 percent faster*, and an easy-to-read interface, the RadCity 5 Plus gives riders the ultimate performance required to navigate city traffic, busy streets, and challenging hills with ease. This is the inaugural introduction of the RadCity line for Europe, where Rad Power Bikes has an established foothold and is seeing triple-digit sales growth year over year.

    RadCity 5 Plus Launch Image.jpg

    “Ebikes represent a clear solution for the precarious condition of our planet,” said Mike Radenbaugh, founder and CEO of Rad Power Bikes. “Our European counterparts have already made ebikes an integral part of their everyday lives, and the movement is well underway in North America.  It’s simple: Ebikes are fast and fun. They foster a healthy lifestyle, reduce stress, plug into a standard electrical outlet to recharge, and cost far less than cars. Whether navigating cobblestones in Paris, hairpin turns in San Francisco, or delivering pizzas in New York City, ebikes are a critical answer to the environmental challenge for which we are all responsible.” 

    To build a category-leading commuter ebike, Rad Power Bikes centered RadCity 5 Plus’ design enhancements on rider performance, comfort, and style. The RadCity 5 Plus boasts 11 percent more range than the previous model due to all new custom tires designed in-house to traverse paved roads more efficiently. Notable and new components include hydraulic disc brakes and longer-lasting ceramic pads for significantly more stopping power and control in the variable pace of a city; and a semi-integrated battery design that easily pops in and out with the convenient turn of the key.

    The RadCity 5 Plus features two frame styles (high-step and step-thru), providing a more comfortable experience for riders across a broader range of heights, now from 4’8” (142 cm) to 6’5” (195 cm). The thoughtful design enables a lower center of gravity for better ride geometry, delivering a smoother, more secure, and more upright ride for maximum pedal efficiency.

    Lastly, riders benefit from the new Rad User Interface with large tactile buttons that make the necessary riding controls easily accessible. The display now depicts real-time stats, such as power output, trip mileage, current time, and a headlight on/off indicator. In addition, it displays the intelligent battery state of charge, calculated using a sophisticated algorithm, giving riders a more accurate, confidence-inspiring battery charge status throughout their ride.

    “Europe is one of Rad Power Bikes’ fastest-growing markets,” said Arno Saladin, European business director, Rad Power Bikes. “This is the first time we’ve designed a bike with the European rider in mind. We spent years collaborating with our global product development team before this model was ready for the European market. Our primary objective was usability and utility. The Dutch-influenced riding style of the new RadCity 5 Plus results in a bike that is extremely comfortable even for longer distances. I think riders around the globe will be pleased with this urban commuter and quickly find they are choosing their ebike over their car more and more frequently!”

    Rad Power Bikes is launching the new RadCity 5 Plus today, in celebration of World Car Free Day to encourage people to use alternative forms of transportation. Every year on September 22, cities across the globe encourage motorists to give up their cars for a day. As of 2019, there are 1.4 billion cars on the road globally1, which is expected to increase by 1.2 billion cars by 20302. This contributes to increased toxic air pollutants, congested streets, and a variety of global health issues. The car-free movement highlights the numerous benefits of traveling without a car, including better air quality, safer roads, and increased physical activity.

  5. RadPower RadRhino reimagined

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    LEVA-EU member RadPower Bikes has overhauled and upgraded their RadRhino model:

    The RadRhino 6 Plus and RadRhino 6 Plus Step-Thru are the latest addition to Rad Power Bikes’ ever-growing lineup — boasting an array of premium upgrades specifically designed to help you get more out of your ride.

    The RadRhino 6 Plus’ custom geared-hub motor provides better low-end torque, the new semi-integrated battery is now even easier to remove, and the addition of high-performance hydraulic disc brakes promises greater stopping power. Factor in an intuitive user interface uniquely positioned at eye level and a durable frame re-engineered to maximize comfort, and you’re looking at a seriously impressive electric bike — and one wicked fun ride.

    Find out more here.

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