Rad Power Bikes may close soon

[harryS]

I read that the winning bid for Rad ebikes was $13.2 million. The winner gets to wipe out the debt that RAD owes, but will still be liable for any future lawsuits, To think that investors put over $330 million into the company.

 

[harryS]

Stuff I never liked about Rad included the early bikes with direct drive hubmotors, and all the fat tire models. I did like their commitment to battery safety, although early results don't seem too good,