What happened to Rad Power Bikes?
SEATTLE (BRAIN) — Rad Power Bikes filed for Chapter 11 bankruptcy protection Monday in advance of completing a sale of the company and less than a month after it said it could not afford a recall on some of its older lithium-ion batteries that the Consumer Product Safety Commission deemed unsafe. The Consumer Product Safety Commission has issued a warning notice for some lithium-ion batteries used in Rad Power e-bikes due to fire hazard. The hazardous batteries can unexpectedly ignite and explode, posing a fire hazard to consumers, especially when the battery or the harness has been exposed to water and debris.Although Rad Power Bikes didn’t issue a voluntary recall, the CPSC warns consumers to stop using the batteries. The problem: The CPSC says these two battery models may create a fire hazard by unexpectedly igniting and exploding, especially when the battery or the harness has been exposed to water and debris.Certain e-bike batteries from Rad Power Bikes pose a serious risk of injury and death from fires, and consumers should stop using them immediately. That’s according to a safety warning issued this week by the Consumer Product Safety Commission. The lithium-ion batteries have model numbers RP-1304 and HL-RP-S1304.
Who owns Rad Power Bikes?
Mike Radenbaugh, Founder & Chairman 12. MB Mike Radenbaugh is the Founder and Chairman of Rad Power Bikes, the largest electric bike brand in North America and rapidly expanding throughout Europe. He started Rad Power Bikes after building his own ebike in his parent’s garage at the age of 15. Rad Power Bikes Appoints Kathi Lentzsch as New CEO, Aligning Leadership with Strategic Retail Shift | Rad Power Bikes | 26 comments.