Electric Bike Platform Opens Public Investment Round to Scale Operations
Seattle, Wednesday, 26 August 2026.
Following its February 2026 acquisition of Rad Power Bikes—a brand with $1.2 billion in historical sales—Rad Life Mobility launched a public crowdfunding campaign today to fund platform expansion.
Rad Life Mobility Launches Public Crowdfunding Campaign
Electric Bike Platform Opens Public Investment Round to Scale Operations
Rad Life Mobility, Inc. officially launched a Regulation Crowdfunding offering on August 26, 2026, inviting the public to participate in its equity growth [1][2]. The initiative is conducted pursuant to Section 4(a)(6) of the Securities Act of 1933 via PicMii Crowdfunding LLC, doing business as Highlander Crowdfunding [1][2]. This move allows customers, dealers, and retail investors to acquire stakes as the company seeks to capitalize on increasing global demand for light electric vehicles [1]. The fundraising drive aims to accelerate product innovation and consolidate brand operations across its portfolio, which includes Rad Power Bikes, QuietKat, and Serial 1 [1][2].
Early Financial Performance and Metrics
For the period spanning February 19, 2026, through June 30, 2026, Rad Life reported audited revenue exceeding $7 million [1][2]. During this same timeframe, the company achieved a gross profit exceeding $3 million while recording a net loss of approximately $2 million [1][2]. These financial results follow the company’s launch on February 19, 2026, and reflect the initial integration of acquired assets [1][2]. Sales operations for the platform commenced in the second week of March 2026, approximately March 9–15, 2026 [1][2].
Acquisition Background and Market Position
Strategic Acquisition of Rad Power Bikes Assets
On February 27, 2026, Rad Life Mobility completed a court-approved Chapter 11 Section 363 acquisition of Rad Power Bikes assets [1][2]. The total cash purchase price was approximately $13.3 million, with a total consideration of approximately $14.9 million including assumed liabilities 1.6 [2]. This acquisition included intellectual property, inventory, and operating assets historically comprising over 1.2 billion dollars in cumulative revenue [1][2]. Prior to bankruptcy, Rad Power Bikes had raised approximately $330 million and held a reported valuation of approximately $1.65 billion [1][2].
Customer Base and Historical Reach
The acquired Rad Power Bikes platform previously served over 680,000 riders via 1.75 million unique customer accounts [1][2]. This user base includes approximately 1.5 million U.S. Shopify accounts and approximately 250,000 Canadian Shopify accounts [1]. The company also operates seven U.S. retail stores as part of its physical distribution network [1]. Rad Life Mobility intends to build on this massive rider community through shared infrastructure and operating capabilities [1][2].
Infrastructure and Expansion Plans
Manufacturing and Logistics Hub Development
LEV Manufacturing, the majority owner of Rad Life, is establishing a 9,290-square-meter assembly and logistics hub in Algood, Tennessee [1][2]. The planned investment for this facility is $7 million, with the creation of 288 jobs [1][2]. The facility is currently undergoing Foreign Trade Zone (FTZ) activation to potentially secure benefits such as duty deferral [2]. This infrastructure supports the company’s focus on product availability, dealer expansion, and logistics [1][2].
Brand Portfolio and Operational Strategy
Rad Life Mobility operates as an electric mobility company encompassing the Rad Power Bikes, QuietKat, and Serial 1 brands [1][2]. The company strategy focuses on evaluating strategic acquisitions and converting intellectual property into a scalable platform [1]. Distribution channels include radpowerbikes.com, quietkat.com, physical retail stores, dealers, resellers, and service partners [1]. Leadership emphasizes execution in serving customers and supporting dealers to build a stronger electric mobility platform [1][2].
Investment Structure and Regulatory Context
Regulation Crowdfunding Offering Details
The Regulation Crowdfunding offering is live as of August 26, 2026, conducted via PicMii Crowdfunding LLC [1][2]. Life Electric Vehicles Holdings, Inc., trading under OTCID: LFEV, announced the launch for its majority-owned subsidiary [2]. As of May 31, 2026, Life Electric Vehicles Holdings reported total assets of approximately $77.7 million [2]. The company is working toward becoming a fully reporting public company by completing audits and filing financial statements [2].
Corporate Leadership and Future Outlook
Jim Brown serves as the President and CEO of Rad Life Mobility, leading the company’s operational execution [1][2]. Robert Provost serves as the Executive Chairman and Chief Executive Officer of Life Electric Vehicles Holdings [2]. Leadership states that the next phase involves serving customers, supporting dealers, and expanding distribution [1][2]. The company aims to transition from platform development and acquisitions toward operating execution [2].