On February 4th, 2021, Rad Power Bikes (one of the largest eBike brands in the world) announced a minority investment totaling $150 million dollars. The new round of investment was led by Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, and other accounts advised by T. Rowe Price Associates. Durable Capital Partners LP and Vulcan Capital, who have invested in Rad Power Bikes previously, also contributed to this historic new round of investment.

With the new funding and pledge of support from major experienced investor companies like Morgan Stanley, Rad Power Bikes hopes to rely on their expertise to accelerate its bike development plans

Click here for the full story on Rad Power Bikes' $150 Investment Announcement

Don’t worry if you are confused about the laws surrounded electric scooters – it seems much of North America is too, including lawmakers themselves. Even the naming is confusing – just to be clear when this article refers to electric scooters we mean what are also known as kickscooters and not the small step-thru motorbike type objects that can also be referred to as scooters.

Click here for to read up on eScooter laws

Here are more articles that may be helpful for you or a friend who is interested in electric bikes: 

Tips on Buying Your Best Electric Bike

Understanding Electric Bike Modes: Throttle vs. Pedal Assist (Pedelec)

Electric Bike Motor Comparison: Hub, Mid-Drive, & Friction Drive

10 Tips for Improving Your eBike's Range

Electric Cargo Bike Guide

Guide to Car Racks for Electric Bikes

Enjoy a More Comfortable eBike Ride with a Suspension Seatpost