The U.S. bike market boomed as Americans sought out well-ventilated transportation last year. Seattle’s Rad Power Bikes, the largest e-bike brand in North America, sold 297% more bikes in April 2020 than in April 2019. Primarily an e-commerce business, Rad Power Bikes offers a quiver of practical, direct-to-consumer options—including bikes with fat tires designed for pillowy terrain, and foldable models created with convenience in mind. On the heels of a $150 million funding announcement in February, the company will open a fourth brick-and-mortar store, expand its mobile service network to reach 75% of U.S. customers, and double its staff—all in 2021.
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