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Scan for outdated or missing drivers - takes under a minuteDriver Scan →Repair Windows errors before they cause bigger problemsFix Now →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Life Electric Vehicles Holdings (Life EV) bought selected Rad Power Bikes assets in a court-approved bankruptcy sale that closed on February 27, 2026. The reported cash consideration was $13,276,102; the reported total purchase price, including liabilities, was $14,926,706. The deal was an asset acquisition—not a straightforward purchase of the former company and all its obligations.
Who bought Rad Power Bikes, and did the sale close?
Life EV won the bankruptcy auction for selected Rad Power Bikes assets. The acquisition closed on February 27, 2026, after the bankruptcy court approved the sale. The buyer’s SEC filing dates the asset purchase agreement January 22 and the sale order January 30. Bicycle Retailer and Industry News confirmed the closing on March 6; an earlier report had described approval as still pending.
Rad Power Bikes entered Chapter 11 in December 2025 and pursued a sale through a bankruptcy auction. Life EV’s successful bid followed competition from four other companies. Retrospec, doing business as Xander Bicycle Corporation, was reported as the backup bidder in the January auction coverage. That report quoted Rad Power’s spokesperson saying the proposed transaction was not final until court approval—a qualification that no longer applies now that the sale has closed.
How much did Life EV pay?
The reported cash bid was $13,276,102, or about $13.2 million. The reported total purchase price was $14,926,706, or about $14.9 million, when liabilities were included. These are different measures of the transaction, not conflicting sale prices. The January auction report and March closing report both gave the figures; the earlier report came before court approval, while the later one confirmed completion. January auction report · March closing report
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- 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.
What did the buyer acquire?
Life EV acquired selected assets through a bankruptcy sale under Section 363, rather than buying the old operating company wholesale. In its SEC filing, the buyer describes the acquired assets as including the Rad brand and intellectual property, inventory, operating infrastructure, digital systems, retail operations, and customer data. The filing is the buyer’s account of the transaction scope, not independent legal advice. Life EV’s SEC filing
The filing says Life EV assumed gift-card obligations and only specified warranty obligations identified in the purchase agreement and court sale order. It says other liabilities were not assumed under the transaction’s terms. That distinction matters: the sale did not automatically make the new owner responsible for every debt, promise, or service obligation associated with the former business.
What does the sale mean for Rad customers?
Retail and the brand
Life EV said U.S. retail operations would continue under the Rad Power Bikes brand and that post-closing customer programs would include honoring certain warranties and gift cards, subject to the purchase agreement. The statement does not promise that every prior customer obligation will be covered. The closing announcement describes the buyer’s stated plans.
Older warranties and service
Rad Power’s warranty page says the new owner is not obligated to provide warranty coverage or service for products purchased before December 15, 2025. It says any upgrade or service policy for those products would be discretionary and announced separately. Customers with older purchases should therefore check the current policy and any specific communication about their product rather than assume the original warranty transferred. Rad Power’s warranty information
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- 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.
Gift cards
Life EV said it assumed gift-card obligations, subject to the sale documents. The announcement does not spell out all redemption terms or establish that every card can be used in every circumstance. Cardholders should consult Rad Power’s current customer information for applicable instructions.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the buyer’s historical customer figures do—and do not—show
Life EV’s SEC filing says the acquired historical records included approximately 1.5 million U.S. customer accounts and approximately 250,000 Canadian customer accounts. These are company-reported historical account counts, not a count of active customers. The filing also cites approximately $1.2 billion in cumulative historical Rad Power Bikes sales data; it explicitly distinguishes those historical results from Rad Life revenue or operating results. These figures provide context about the records and brand’s history, but they are not evidence of the new owner’s current customer base or sales.
What Life EV says it plans to do
Jim Brown, Life EV president, said: “This marks an important new chapter for the Rad Power Bikes brand. We respect the foundation that has been built and are committed to strengthening operations, enhancing product development, and supporting the rider community for the long term.” The statement signals the buyer’s stated intentions; it does not by itself guarantee a particular product, service, or warranty outcome. Bicycle Retailer and Industry News, March 6, 2026
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