NEW YORK (BRAIN) — Three bike industry brands — two of them in the e-bike market and the other in the youth bike space — have made Inc. magazine's annual list of the 5,000 fastest growing private companies.
Rad Power, a consumer-direct e-bike brand based in Seattle, is ranked 63rd on the list. The company said its sales were $44.6 million last year, and has shown growth of 4,442% in the last three years. “This is an exciting milestone and a testament to our talented team and passionate community of owners,” said Mike Radenbaugh, founder and CEO of the company. “We started out wanting to build e-bikes, and are now building a company that’s helping to change the way people and businesses move.”
Next on the list was Woom bikes, the Austin, Texas, company that distributes the youth bikes in the U.S. Woom bikes are designed in Austria; the U.S. company said sales were $7.2 million last year, up 1,666% over three years. The company is 259th on the Inc. list.
Woom and Rad Power appear on the list for the first time this year.
Pedego, which has more than 120 licensed retailers selling its e-bikes, made the list for the sixth time. This time the California company is 3,393rd on the list. The company said sales were $20.1 million last year, up 105% over the last three years.
The list is featured in the September issue of Inc., available on news stands on Aug. 20. More information: inc.com.
