Tech Company Financing Transactions
Rad Power Bikes Funding Round
On 10/29/2021, Rad Power Bikes raised $154 million in funding from Fidelity Management & Research Company, Durable Capital Partners and Morgan Stanley Bank.
Transaction Overview
Company Name
Announced On
10/29/2021
Transaction Type
Venture Equity
Amount
$154,000,000
Round
Undisclosed
Investors
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
2622 NW Market St.
Seattle, WA 98107
USA
Seattle, WA 98107
USA
Phone
Website
Email Address
Overview
Rad Power Bikes is a consumer-direct business that designs electric bikes that are packed with power, comfort, and utility, and we bring them directly to customers at radical prices. Our affordable ebikes and accessories are backed by localized product support, so you can leave your car in the garage and join the ebike revolution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Radenbaugh
Chief Marketing Officer
Ty Collins
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