![]() "We are thrilled to be working with this group of prestigious investors who are known for successful, long-term investments, and share our vision for the future of mobility," said Mike Radenbaugh, founder and CEO of Rad Power Bikes. With this investment, Rad Power Bikes is poised to rapidly expand its worldwide operations and rider community. The company already dominates the North American ebike market and is growing rapidly in Europe. Rad Power Bikes has been a driving force behind the ebike market expansion with its high-quality, innovative direct-to-consumer ebikes. Electric-powered bikes have become an increasingly popular mobility option, with sales growing eightfold since 2014*. The global micro-mobility market has grown steadily for years as people look for accessible, energy-efficient ways to get around. Mike Radenbaugh and his team have already proven the economics of convenient, energy-efficient mobility solutions." "Our partnership with Rad Power Bikes is exciting as this innovative company is rapidly changing the way the world moves. "Ebikes will play an important role in the future of mobility, extending far beyond the traditional bike market," said Sam Chainani, Managing Director, Morgan Stanley Counterpoint Global. Rad Power Bikes will use this new funding to extend its market leadership, drive innovation, and scale retail and service offerings. The investment reflects a historic commitment to Rad Power Bikes' vision of a world where transportation is energy-efficient, enjoyable and accessible to all. Existing investors Durable Capital Partners LP and Vulcan Capital also participated in the round. Seattle, WA - 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.
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