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Rad Power Bikes may shut down in Jan 2026, laying off 64 workers, after funding deal failed and financial struggles worsened.
Rad Power Bikes is at risk of shutting down in January 2026 due to financial struggles, including declining demand, excess inventory, tariffs, and economic pressures.
The company plans to lay off 64 employees in Washington state and close its Seattle facility.
A recent funding deal fell through, and despite exploring partnerships and acquisitions, no solution has been secured.
Leadership says “Save Rad” remains a priority, but the company’s future is uncertain without emergency funding.
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Rad Power Bikes podría cerrar en enero de 2026, despidiendo a 64 trabajadores, después de que el acuerdo de financiación fracasara y empeoraran las dificultades financieras.