Rad Power Bikes rides off with $150m

Seattle-based Rad Power Bikes, an ebike brand, has raised $150 million in funding.

Seattle-based Rad Power Bikes, an ebike brand, has raised $150 million in funding. The investors included Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, funds and accounts advised by T. Rowe Price Associates Inc, Durable Capital Partners LP and Vulcan Capital.

Source: Press Release