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Life Electric Vehicles (Life EV) completed its court-approved purchase of selected Rad Power Bikes assets on February 27, 2026. The widely reported $13.2 million figure is the cash consideration; the reported total purchase price, including liabilities, was $14,926,706—about $14.9 million. It was an asset acquisition through Rad Power Bikes’ Chapter 11 case, not a purchase of the former company in its entirety.
What happened to Rad Power Bikes?
Life EV acquired core Rad Power Bikes assets through a court-approved Section 363 bankruptcy sale. Life EV’s SEC offering statement says the acquisition closed on February 27, 2026. The court sale order was dated January 30, and the asset purchase agreement was dated January 22, according to that filing. Life EV’s SEC offering statement and Bicycle Retailer and Industry News’ transaction coverage describe the sale and its completion.
The distinction between the brand and the former operating company matters: the transaction transferred specified assets, not the entire former business or all of its obligations.
Why do reports cite both $13.2 million and $14.9 million?
The figures use different price bases. Bicycle Retailer and Industry News reported $13,276,102 in cash consideration and a total purchase price of $14,926,706 after accounting for liabilities. Life EV’s filing describes approximately $14.9 million in aggregate consideration, including consideration and specifically assumed obligations.
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- CUSTOMIZED MODEL: In order to ensure that your purchase matches your bike, we will contact you after you place your order. Please keep an eye out for a message from us after you place your order and reply promptly, thank you for your cooperation!
- HIGH QUALITY MATERIAL: Rad Power electric bike display is made of premium ABS+LCD, which is sturdy and wear resistant and has a long service life. This electric bike LCD control panel is waterproof, so it is convenient and practical to use in rainy days without fear of getting wet.
- WIDE RANGE OF USES: Rad Power electric bicycle LCD display is easy to install and use, with LCD display bracket, suitable for the diameter of 22.2mm/ 0.87in of handlebars This display panel is the perfect accessory for electric bikes, scooters, etc. to replace old or damaged original parts.
- INSTALLATION INSTRUCTIONS: Fix the LCD display part and buttons of the instrument on the handlebar of the electric vehicle, and adjust the appropriate viewing angle. When the vehicle is powered off, connect the instrument connector to the corresponding connector of the controller. Turn on the power, the electric vehicle and the instrument enter the normal operating state, and the instrument installation is completed.
- 100% WARRANTY: If you have any problems about our products, please feel free to contact us directly for assistance, we will reply you within 12-24 hours. We will do our best to help you solve the problem as soon as possible.
| Figure | What it represents | Source |
|---|---|---|
| $13,276,102 | Cash consideration | Bicycle Retailer and Industry News |
| $14,926,706 | Reported total purchase price after accounting for liabilities | Bicycle Retailer and Industry News |
| Approximately $14.9 million | Aggregate consideration, including consideration and specifically assumed obligations | Life EV SEC offering statement |
So the $13.2 million headline refers to the cash amount, while the broader reported transaction value is about $14.9 million. The latter does not mean Life EV assumed every liability of the former Rad business.
Which Rad assets did Life EV acquire?
Life EV’s SEC filing identifies several categories of acquired assets:
- The Rad Power Bikes brand and intellectual property.
- Inventory and operating infrastructure.
- The digital ecosystem and customer database.
The filing also reports approximately 1.5 million current and historical customers and approximately $1.2 billion in cumulative historical sales data associated with the prior Rad business. These are company-reported historical figures, not independently verified measures of Life EV’s results or current Rad performance. Life EV’s filing provides the figures.
What did Life EV say would continue?
Life EV said it would continue U.S. retail operations under the Rad Power Bikes brand and planned to expand the retail footprint in selected markets. The company also said it would support customers through post-closing programs, including honoring certain warranties and gift cards as provided under the asset purchase agreement. These are limited commitments: the available terms do not establish that every warranty, gift card, or other obligation from the former company transferred. Life EV’s statements on Rad operations describe the planned continuation and customer programs.
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- 𝐋𝐨𝐧𝐠 𝐫𝐚𝐧𝐠𝐞& 𝐋𝐚𝐫𝐠𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲: City4.0 e-bike comes with powerful 48V 20 Ah Built-in waterproof removable Cells lithium-ion batter,achieves a range of 70 miles in pedal assist mode and 30+ miles in electric mode so that the electric bicycle can daily commute needs or meet travel.
- 𝐄𝐫𝐠𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐡𝐨𝐜𝐤-𝐚𝐛𝐬𝐨𝐫𝐛𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦: Featuring Front Suspension and Dual Disc Brakes: Equipped with 2 front fork spring shock absorbers and 2 puncture-resistant 20‘’*4.0 fat tires, , providing outstanding shock absorption performance.
- 𝐂𝐨𝐦𝐟𝐨𝐫𝐭 & 𝐕𝐞𝐫𝐬𝐚𝐭𝐢𝐥𝐞 𝐑𝐢𝐝𝐢𝐧𝐠：Electric bike with 5 Riding Modes(Pure electric mode,Pedal assist mode,Classic bike mode) and 5 Pedal Assist Levels(PAS) for your choice.The HD color LCD display shows real time speed, battery power, pedal assist levels, mileage and more,it's easy for you to track your rides and view it clearly even when riding at night. A well-built sturdy rear rack with strong load-carrying capacity easily supports your cargo and groceries.
- 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐯𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞：Urban commuter ebikes have been 90% pre-assembled.Installation video is attached to our product page. We provide 12 months after-sales service for the motor, battery, charger and controller.Contact us if you have any questions. Please keep the original package for a while, in case if there is any issues for return.
What are Life EV’s plans for assembly and operations?
Life EV described U.S.-based assembly through affiliated manufacturing and a Foreign Trade Zone structure as plans. It presented possible supply-chain, cost, quality, and unit-economics improvements as expectations dependent on execution, integration, facility ramp-up, liquidity, and other risks—not as results already achieved. The company’s SEC filing sets out the strategy and its execution risks.
Life EV describes a broader multi-brand, multi-channel electric-bike strategy. Its filing includes the core Rad assets, specified QuietKat assets acquired in June 2026, and an exclusive worldwide direct reseller relationship for Serial 1 electric bicycles beginning June 1, 2026. Historical Rad sales and customer data in the filing relate to the prior Rad business; they do not establish Life EV’s future performance.
What does the acquisition mean for Rad customers?
The brand and certain operating assets changed hands, and Life EV said U.S. retail operations would continue. The stated customer support is limited to programs described in the purchase agreement, including certain warranties and gift cards. The transaction information does not establish whether every historic customer account remains usable or provide a complete set of current service terms. Customers with a warranty, gift card, or account question should check the current Rad Power Bikes customer-service channels and their specific purchase or coverage documents.
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