BikeBiz Bicycle and cycling retail news
Inc. magazine has revealed that Rad Power Bikes is number 63 on its annual Inc. 5000 list, a ranking of the nation’s fastest-growing private companies.
“This is an exciting milestone and a testament to our talented team and passionate community of owners,” said Mike Radenbaugh, founder and CEO of Rad Power Bikes.
“We started out wanting to build e-bikes, and are now building a company that’s helping to change the way people and businesses move.”
The global e-bike brand grew its revenue more than 4,400% over the last three years through its consumer-direct business model, international expansion into Canada and Europe and the launch of a commercial division.
The 2019 Inc. 5000 is ranked according to percentage revenue growth between 2015 and 2018. To qualify, companies must have been founded and generating revenue by 31st March 2015 and independent as of 31st December 2018.
