Rad Power Nears Shutdown

Rad Power Bikes, the Seattle-based e-bike startup, has warned employees it may shut down by January 2026 unless it secures new funding or finds a buyer.

Financial Strain. The company cited declining consumer demand and higher import tariffs as key pressures.

Layoffs Ahead. A WARN notice at its Seattle HQ says 64 staff could lose their jobs as early as January 9, 2026.

Funding Uncertainty. Leadership said talks with investors and potential acquirers are ongoing, but a recent deal collapsed.

Market Context. Once a leading U.S. e-bike brand, Rad Power has been hit hard by the post-pandemic slowdown in micromobility demand.

If no new capital or acquisition materializes, Rad Power could wind down entirely, a cautionary tale for consumer hardware startups facing supply chain costs and shifting demand.