With $154M in fresh funding, Rad Power Bikes looks to build on 'explosive' growth

3 Nov 2021


Seattle-based electric bike company Rad Power Bikes, which raised $154 million in October, should be crossing the 1,200 employee mark in the near future.

Rad Power Chief Financial Officer Mark Klebanoff said the company currently has 625 employees and plans to at least double that number a year from now. Rad Power currently has about 150 open roles listed on its website.

Rad Power's recent massive funding round builds on a $150 million investment the company secured in February, when the company told the Business Journal it had hit 325 employees in 2020.

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