Life EV has completed a court-approved acquisition of Rad Power Bikes, rescuing the troubled e-bike brand from bankruptcy. The Florida-based company now owns Rad's brand, intellectual property, inventory, and certain operating assets, and will continue operating under the Rad name in the US while planning expansion into select international markets.

Rad's new owner has committed to honoring existing warranties and gift cards, and will manufacture new bikes in the US using a Foreign Trade Zone structure to streamline customs procedures for global parts sourcing. Life EV CEO Rob Provost emphasized preserving Rad's legacy and community, calling the brand a pioneer in North America's e-bike market.

The acquisition ends a turbulent chapter that began when the Consumer Product Safety Commission warned customers to stop using certain Rad batteries due to fire hazards. Rad couldn't afford a recall, then faced a warehouse fire in Huntington Beach, California, just months later. This court-approved sale provides a fresh start for the brand while maintaining its commitment to riders nationwide.