One of the top US-based e-bike brands files for bankruptcy protection — what you need to know

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In the world of the best electric bikes (e-bikes), Rad Power Bikes was one of the most dominant brands in the U.S. market. Times have changed, and now the company has been forced to file Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Washington.

Rad Power Bikes is looking to sell, but it could have a tough road finding a buyer with the debt it’s carrying and the recent struggles it has faced. As of this writing, Bicycle Retailer says the company has assets of…



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One of the top US-based e-bike brands files for bankruptcy protection — what you need to know


In the world of the best electric bikes (e-bikes), Rad Power Bikes was one of the most dominant brands in the U.S. market. Times have changed, and now the company has been forced to file Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Washington.

Rad Power Bikes is looking to sell, but it could have a tough road finding a buyer with the debt it’s carrying and the recent struggles it has faced. As of this writing, Bicycle Retailer says the company has assets of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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