Posts Tagged ‘Rad Power Bikes’
VanMoof Bankrupt and Rad Power Retreats from Europe
Amsterdam, Netherlands A former beacon heading the rise of urban e-bikes, VanMoof, has been declared bankrupt. On 17th July, the Court of Amsterdam declared the Dutch legal entities VanMoof Global Holding B.V., VanMoof B.V. and VanMoof Global Support B.V. bankrupt, confirming rumours about the Netherlands company that has been a darling of the industry and…
Young American eBike Brand Raises $194 Million in Funding
Rad Power Bikes, which lays claim to being North America’s largest e-Bike only brand, has attracted US$150 million (A$194 million) in investment from major institutions such as Counterpoint Global (Morgan Stanley), the Fidelity Management and Research Company and The Rise Fund, among others. Fitting a trend of private equity investment in some of the world’s…