Angelina “Angy” Smith became Rad Power Bikes’ CEO in December 2025, as the Seattle e-bike seller entered Chapter 11. The company’s bankruptcy filing and the later sale of the Rad brand are separate events: Life EV completed a court-approved purchase of the brand and selected assets in March 2026, but that alone does not establish that the debtor’s bankruptcy case has ended.
Who is the new CEO of Rad Power Bikes?
Angelina “Angy” Smith took over as CEO earlier in December 2025, after serving as Rad’s chief financial officer since April, according to GeekWire’s December 29 report. Smith has held finance and executive roles at companies including TrovaTrip, Thrive Causemetics, glassybaby, and Zulily. She replaced Kathi Lentzsch, who had taken over in March 2025.
Bicycle Retailer and Industry News also reported Smith’s promotion from CFO while Rad reduced its executive roster during Chapter 11. The publication characterized her appointment as Rad’s fourth CEO in three years. Its account places founder Mike Radenbaugh in the role from 2007 to 2022, followed by Phil Molyneux from 2022 to 2025 and then Lentzsch in 2025.
When did Rad Power Bikes file for bankruptcy?
Rad Power Bikes Inc. filed for Chapter 11 on December 15, 2025, in the U.S. Bankruptcy Court for the Eastern District of Washington. The case number is 25-02183. A December 16 court order directed that Rad’s case be jointly administered with Summit Collective Inc.’s case, number 25-02182, under the Summit lead case for procedural purposes. Joint administration is an administrative arrangement; it does not mean the companies merged into a single debtor.
The Tool Desk
Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →#1 Best Overall
- CUSTOMIZED MODEL: In order to ensure that your purchase matches your bike, we will contact you after you place your order. Please keep an eye out for a message from us after you place your order and reply promptly, thank you for your cooperation!
- HIGH QUALITY MATERIAL: Rad Power electric bike display is made of premium ABS+LCD, which is sturdy and wear resistant and has a long service life. This electric bike LCD control panel is waterproof, so it is convenient and practical to use in rainy days without fear of getting wet.
- WIDE RANGE OF USES: Rad Power electric bicycle LCD display is easy to install and use, with LCD display bracket, suitable for the diameter of 22.2mm/ 0.87in of handlebars This display panel is the perfect accessory for electric bikes, scooters, etc. to replace old or damaged original parts.
- INSTALLATION INSTRUCTIONS: Fix the LCD display part and buttons of the instrument on the handlebar of the electric vehicle, and adjust the appropriate viewing angle. When the vehicle is powered off, connect the instrument connector to the corresponding connector of the controller. Turn on the power, the electric vehicle and the instrument enter the normal operating state, and the instrument installation is completed.
- 100% WARRANTY: If you have any problems about our products, please feel free to contact us directly for assistance, we will reply you within 12-24 hours. We will do our best to help you solve the problem as soon as possible.
Why did Rad Power Bikes file for Chapter 11?
Rad’s debtor filing described an urgent cash shortage. In a motion seeking permission to use cash collateral, the debtors said they needed access to that cash to fund ordinary operations and administer their Chapter 11 cases. The motion warned: “Without the use of Cash Collateral, the Debtors will not have sufficient liquidity to operate their business, will be unable to fund ordinary course expenditures, or to pay the expenses necessary to administer their chapter 11 cases.” That is the debtors’ statement in a court filing, not a separate court finding.
The same motion traced the problem to a sharp rise in e-bike demand during the pandemic, followed by slower sales and excess inventory. The debtors said Rad experienced an “almost 300% increase in demand” by May 2020; they described demand slowing by mid-2022 and inventory taking years to sell, with continuing holding costs.
Financial figures reported by Bicycle Retailer and Industry News from the bankruptcy filing give a sense of the strain, but should be read as figures disclosed in the filing rather than independent audited results:
Rank #2
- 𝐇𝐢𝐠𝐡 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝟏𝟓𝟎𝟎𝐖 𝐏𝐞𝐚𝐤 𝐌𝐨𝐭𝐨𝐫 𝐄𝐁𝐢𝐤𝐞: High speed brushless motor 750W (Peak 1500W ) and 7-speed transmission, making steep hills and long rides a breeze, Long-range e-bike offers perfect efficiency and balance of power to ensure your ride as enjoyable.
- 𝐋𝐨𝐧𝐠 𝐫𝐚𝐧𝐠𝐞& 𝐋𝐚𝐫𝐠𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲: City4.0 e-bike comes with powerful 48V 20 Ah Built-in waterproof removable Cells lithium-ion batter,achieves a range of 70 miles in pedal assist mode and 30+ miles in electric mode so that the electric bicycle can daily commute needs or meet travel.
- 𝐄𝐫𝐠𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐡𝐨𝐜𝐤-𝐚𝐛𝐬𝐨𝐫𝐛𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦: Featuring Front Suspension and Dual Disc Brakes: Equipped with 2 front fork spring shock absorbers and 2 puncture-resistant 20‘’*4.0 fat tires, , providing outstanding shock absorption performance.
- 𝐂𝐨𝐦𝐟𝐨𝐫𝐭 & 𝐕𝐞𝐫𝐬𝐚𝐭𝐢𝐥𝐞 𝐑𝐢𝐝𝐢𝐧𝐠：Electric bike with 5 Riding Modes(Pure electric mode,Pedal assist mode,Classic bike mode) and 5 Pedal Assist Levels(PAS) for your choice.The HD color LCD display shows real time speed, battery power, pedal assist levels, mileage and more,it's easy for you to track your rides and view it clearly even when riding at night. A well-built sturdy rear rack with strong load-carrying capacity easily supports your cargo and groceries.
- 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐯𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞：Urban commuter ebikes have been 90% pre-assembled.Installation video is attached to our product page. We provide 12 months after-sales service for the motor, battery, charger and controller.Contact us if you have any questions. Please keep the original package for a while, in case if there is any issues for return.
- Rad estimated assets of $32.1 million and liabilities of $72.8 million.
- Reported gross revenue was $129,828,790.57 at December 31, 2023, and $63,326,482.86 at the time of filing. The publication described that as a 52% decline over two years.
- Inventory of e-bikes, spare parts, and accessories was listed at $14,226,874.73.
- The largest unsecured claim reported was $8.4 million owed to U.S. Customs and Border Protection.
What changed after the Chapter 11 filing?
Life EV announced on March 5, 2026, that it had completed a court-approved acquisition of the Rad brand, intellectual property, inventory, and certain operating assets. The announcement said Life EV would continue U.S. retail under the Rad name. Rad’s current ownership page says the new ownership began February 27, 2026, so the date of the ownership transition stated by the company precedes the public completion announcement.
This was an asset acquisition, not evidence that Life EV acquired every liability of Rad Power Bikes Inc. or that the debtor’s Chapter 11 case concluded. Life EV CEO Rob Provost said, “Rad Power Bikes has helped define the e-bike category in North America with its innovative products and passionate rider community.”
| Phase | What it refers to | Key date or status |
|---|---|---|
| Debtor and Chapter 11 | Rad Power Bikes Inc. and its court case | Filed December 15, 2025; case 25-02183 |
| Brand ownership | Rad name, IP, inventory, and selected operating assets acquired by Life EV | Rad’s ownership page dates the change to February 27, 2026; Life EV announced completed acquisition March 5, 2026 |
What happens to an existing Rad bike’s warranty?
Rad’s current warranty page says RLM has no obligation to provide warranty or service for products purchased before December 15, 2025, while noting that it may consider discretionary upgrade policies or services. That means riders with older purchases should not assume that the pre-sale warranty or support arrangement carries over unchanged. Check the current Rad warranty page and the terms applicable to the specific purchase before relying on coverage; the posted policy may change.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
