Life EV Completes Rad Power Bikes Asset Acquisition

SEATTLE, WA AND DEERFIELD BEACH, FL / ACCESS Newswire / March 5, 2026 / Life Electric Vehicles Holdings, Inc. (Life EV), a fast-growing electric mobility company led by executives with more than 20 years of industry experience and deep operational expertise in U.S. assembly and supply chain development, today announced that it has completed a court-approved asset acquisition of the Rad Power Bikes brand, intellectual property, inventory, and certain operating assets. Rad Power Bikes is recognized as one of North America's leading e-bike brands.

The transaction establishes Life EV as the owner of the Rad Power Bikes brand and provides a foundation for expanded U.S.-based assembly initiatives, enhanced quality control, and an accelerated pipeline of innovative products. Following the closing, Life EV will continue retail operations under the Rad Power Bikes brand in the United States and plans to expand the retail footprint in select key markets.

Life EV also intends to support Rad riders through post-closing customer programs, including honoring certain warranties and gift cards in accordance with the terms of the asset purchase agreement.

This asset acquisition advances Life EV's broader strategy to expand electric mobility across North America by building a portfolio of EV brands supported by vertically integrated capabilities. Life EV will leverage operational experience developed across its platform, including its experience supporting the Serial 1 premium electric bicycle brand.

Looking Ahead for the Rad Power Bikes Brand

Rad Power Bikes has played a significant role in the growth of the e-bike category and the mission to create alternative modes of transportation. Life EV plans to build on that important foundation with a fresh focus on product innovation, customer experience, and operational improvements to serve the needs of the Rad rider community going forward.

"Rad Power Bikes has helped define the e-bike category in North America with its innovative products and passionate rider community," said Rob Provost, CEO of Life EV. "Respecting and preserving that legacy - its brand, vision, and leadership - is foundational to this acquisition. Together, we will build on that trust and create new opportunities for riders nationwide."

Shared Vision for the Future of Electric Mobility

Rad Power Bikes was founded with a simple but powerful idea: e-bikes should be practical, reliable, and accessible for everyday riders. What began as a solution for commuting to school has grown into a movement redefining how people get around.