Rad Power Bikes Inks $150M

Rad Power Bikes, North America's largest ebike brand, today announced a minority investment of $150 million from 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. Rowe Price Associates, Inc. Existing investors Durable Capital Partners LP and Vulcan Capital also participated in the round. The investment reflects a historic commitment to Rad Power Bikes' vision of a world where transportation is energy-efficient, enjoyable and accessible to all. Rad Power Bikes will use this new funding to extend its market leadership, drive innovation, and scale retail and service offerings.

Rad Power�® Bikes is the largest ebike brand in North America. Founded in 2007, the global consumer-direct company boasts a full lineup of affordable ebikes and accessories that are changing the way people and goods move. The company designs all of its products in-house at its Seattle headquarters and operates international offices in Vancouver, British Columbia, and Utrecht, the Netherlands. The team of passionate ebike enthusiasts, product designers, and entrepreneurs create ebikes that are built for everything and priced for everyone.