About Rad Power Bikes
Rad Power Bikes is a company based in Seattle (United States) founded in 2007.. Rad Power Bikes has raised $329 million across 4 funding rounds from investors including Fidelity Investments, Morgan Stanley and TPG. The company has 542 employees as of December 31, 2022. Rad Power Bikes operates in a competitive market with competitors including VanMoof, TENWAYS, Aventon, Velotric and Evelo, among others.
- Headquarter Seattle, United States
- Employees 542 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rad Power Bikes, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$329 M (USD)
in 4 rounds
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Latest Funding Round
$154 M (USD), Series D
Oct 28, 2021
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Investors
Fidelity Investments
& 12 more
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Employee Count
542
as on Dec 31, 2022
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Funding Insights of Rad Power Bikes
Rad Power Bikes has successfully raised a total of $329M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $154 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $154.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series D - Rad Power Bikes | Valuation | Fidelity Investments | |
| Feb, 2021 | Amount | Series C - Rad Power Bikes | Valuation | T. Rowe Price , Morgan Stanley | |
| Feb, 2020 | Amount | Angel Round - Rad Power Bikes | Valuation | Stuart Nagae , Henry Ellenbogen |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rad Power Bikes
Rad Power Bikes has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Morgan Stanley and TPG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Sector-agnostic VC investment company investing globally
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rad Power Bikes
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rad Power Bikes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rad Power Bikes Comparisons
Competitors of Rad Power Bikes
Rad Power Bikes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VanMoof, TENWAYS, Aventon, Velotric and Evelo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric bicycles with integrated technology are manufactured by VanMoof.
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| domain | founded_year | HQ Location |
Electric bicycles are designed and manufactured by TENWAYS.
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| domain | founded_year | HQ Location |
Electric bicycles and accessories are manufactured and sold by Aventon.
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| domain | founded_year | HQ Location |
Electric bicycles are manufactured for urban mobility solutions.
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| domain | founded_year | HQ Location |
Electric bicycles developer
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rad Power Bikes
Frequently Asked Questions about Rad Power Bikes
When was Rad Power Bikes founded?
Rad Power Bikes was founded in 2007 and raised its 1st funding round 12 years after it was founded.
Where is Rad Power Bikes located?
Rad Power Bikes is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Rad Power Bikes a funded company?
Rad Power Bikes is a funded company, having raised a total of $329M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $25M, raised on Mar 26, 2019.
How many employees does Rad Power Bikes have?
As of Dec 31, 2022, the latest employee count at Rad Power Bikes is 542.
What does Rad Power Bikes do?
Rad Power Bikes was founded in 2007 in Seattle, United States, and operates in the electric bicycle sector. Utility, all-terrain, city, folding, and adventure bicycles are produced, equipped with puncture-resistant tires, integrated brake lights, direct-drive hub motors, rear racks, twist-grip throttles, and mechanical disc brakes. Distribution occurs through the companys domain, radpowerbikes.com, targeting urban and outdoor mobility needs.
Who are the top competitors of Rad Power Bikes?
Who are Rad Power Bikes's investors?
Rad Power Bikes has 13 investors. Key investors include Fidelity Investments, Morgan Stanley, TPG, T. Rowe Price, and Vulcan Aerospace.