Rivian spinoff Also to start delivering e-bikes after months of delays
Also has big plans beyond the TM-B. The startup mostly refers to itself as a “vehicle” company, and has plans to make four-wheel pedal-assist cargo vehicles for Amazon.
e-bikes
Lime begins life as a public company after years of uncertainty
The nine-year-old scooter and bike-share company has said it needs the funds to help pay down around $1 billion in liabilities.
Lime raises $167M in IPO after years of teasing a public debut
The nine-year-old scooter and bike-share company has said it needs the funds to help pay down around $1 billion in liabilities.
Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul
More than 500 people will be affected by the closures.
Rad Power Bikes reaches deal to sell itself for $13.2 million
A company called Life Electric Vehicle Holdings has emerged as the top bidder for Rad Power’s assets. It’s not clear what the company plans to do with them, though.
Rad Power Bikes files for bankruptcy and is looking to sell the business
It’s the latest e-bike company to seek bankruptcy protection after pandemic-era excitement for the category wore off.
Rad Power Bikes’ batteries receive major fire risk warning
The U.S Consumer Product Safety Commission claims Rad Power “refused to agree to an acceptable recall.” Rad Power says the CPSC’s solution would bankrupt the company.
Rad Power Bikes faces shutdown in January without new funding
Seattle-based Rad Power has gone through multiple rounds of layoffs over the last few years coming out of the pandemic. However, the company is “still fighting to find ways to continue” according to an email viewed by TechCrunch.
Amazon will buy thousands of pedal-assist cargo vehicles from Rivian spinoff Also
The pedal-assist cargo quad vehicles are narrow delivery vans that can operate in a bike lane.
Whizz co-founder says Trump’s Chicago crackdown is scaring delivery workers off the streets
Whizz has seen e-bike rentals drop by about 8% since Trump threatened to send National guards troops to the city.