SEATTLE (BRAIN) — Rad Power Bikes has laid off about 100 workers as it closes most of its mobile services business and shifts to expanding its stationary retail store locations.
"Our goal is to keep as many employees as possible in our Rad team, including transferring people to the five new retail locations we are opening this year, " a company spokesperson told BRAIN in a statement. "Wherever that’s not possible, we’re offering support to help them transition."
Rad Power said it will continue to work with Velofix and Beeline for mobile support in the U.S.
"They are aligned with Rad’s mission to reduce cars in our communities and get more people on e-bikes. Over the past few years, our relationship has strengthened and they’ve grown with us, and we are confident they’ll continue to provide great customer service and mobile support to our Rad riders,” the spokesperson said.
Last October announced a $154 million investment from some of its existing investors. The company has brought in $329 million in investments in recent years.
