Rad Power Bikes

Rad Power Bikes is North America’s largest electric bicycle brand, based in Seattle, Washington. Founded in 2007 by Mike Radenbaugh, the company designs and manufactures affordable, high-performance electric bikes for various uses, including commuting, cargo transport, and recreational riding. The brand gained significant traction after launching the RadRover in 2015, leading to the sale of over 350,000 units and raising $329 million in funding. The company offers a diverse range of ebikes, including the RadRover, RadRunner, and RadKick, each designed for utility and accessibility. These models feature high-capacity batteries, pedal-assist systems, and rugged designs suitable for both urban and off-road environments. Rad Power Bikes operates a direct-to-consumer sales model, with expanded availability through Best Buy, and provides accessories tailored for cargo and commuting needs. The company focuses on affordability, innovation, and sustainability, solidifying its position as a leader in the North American ebike market.

Sporting Goods Seattle, United States Founded 2007 ~160 employees Private · Series D

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Employees
160
-1.8% in the 3 months to Apr 2025
Revenue / employee
$1.1M
Revenue ~$175M
Total funding
$329M
Last round Series D, Oct 2021
12-month attrition
26.2%
Tech: 15.5%
H1B filings, FY2025
1
Sponsors visas

Headcount trend

Rad Power Bikes went from 205 employees in May 2023 to 160 in Apr 2025. Nov 2024 to Apr 2025: 5 people joined, 9 left.

Headcount data through Apr 2025

Org structure

Headcount by department

Other94
Success24
Engineering11
Operations8
Marketing8
Finance6
Sales4
Product2

H-1B sponsorship

H-1B Sponsorship Limited
H-1B Filings by Department
Engineering3

The department split adds up all the years listed above. FY2025 alone: 1 filings.

Funding

  • Oct 2021 · Series D · $154M · Fidelity Management & Research Company LLC, T. Rowe Price Associates, Inc, Counterpoint Global (Morgan Stanley)
  • Feb 2021 · Venture · $150M · Morgan Stanley, Fidelity Management & Research Company, The Rise Fund
  • Feb 2020 · Venture · $25M · Vulcan Capital
  • Mar 2019
  • Jun 2015 · $320K · indiegogo

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Rad Power Bikes FAQ

How many employees does Rad Power Bikes have?

Rad Power Bikes has about 160 employees, down 1.8% over the 3 months to Apr 2025.

Does Rad Power Bikes sponsor H1B visas?

Yes. Rad Power Bikes filed 1 H1B (LCA) application in FY2025, according to the latest U.S. Department of Labor disclosures. It was for a Engineering role.

What is Rad Power Bikes's revenue per employee?

Rad Power Bikes makes about $1.09M in revenue per employee, based on $175M annual revenue and 160 employees.

How much funding has Rad Power Bikes raised?

Rad Power Bikes has raised $329.32M in total funding; its latest round was Series D in Oct 2021.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.