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.
Seattle is giving money to help businesses harmed by the King County vaccine verification mandateNov 3 2021
In the first 10 days of the King County mandated vaccine verification program, businesses have seen a signification drop in economic activity, some reporting losing up to half their business, threatening job losses and reduced working hours. Now officials in Seattle are planning to pay out $2 million in...
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Small Business Flex Fund raises an additional $40 million to support Washington state small businessesOct 15 2021
OLYMPIA, Wash., Oct. 15, 2021 /PRNewswire/ -- The Small Business Flex Fund hit a milestone this week, having now raised a total of $70 million in committed capital that will benefit small businesses and nonprofits, particularly those in underrepresented communities, across the state of Washington. Launched earlier this summer,...