April 14, 2024

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Rad Power Bikes launches RadTrike, a three-wheeled model of its e-bike – GeekWire

Rad Power Bikes launches RadTrike, a three-wheeled model of its e-bike – GeekWire

The new RadTrike from Rad Power Bikes will start shipping in January 2023. (Rad Power Bikes Photo)

Rad Power Bikes announced today that it’s launching a trike version of its electric bikes. Customers can take demo models for a test ride at the company’s Seattle store. The RadTrike can be pre-ordered in the U.S. for $2,499 and will become available in mid-January. 

The company said the three-wheeled model has been the most requested design by customers and will make cycling an option for people unable to ride bicycles.

“The RadTrike is the next big acceleration in our mission to make transportation energy efficient, enjoyable and accessible to all,” said Mike Radenbaugh, the company’s founder and former CEO, in a statement.

Rad Power Bikes has faced multiple challenges this year including laying off 163 people; a wrongful death lawsuit; a lawsuit related to property damage; and the recall of nearly 30,000 units due to a safety issue. Last month Radenbaugh stepped down as CEO and is now board chairman. He was replaced by Phil Molyneux, who was hired as president and chief operations officer earlier this year.

The Seattle-based company launched in 2007 and began selling e-bikes directly to consumers through online sales in 2015. It has raised $329.18 million and has roughly 500 employees, according to PitchBook.