Rad Power Bikes' assets are up for sale at $13.2M with Life Electric Vehicle Holdings as the top bidder; plans for the assets are unclear.
Bankruptcies at iRobot, Luminar, and Rad Power Bikes highlight tariff pressures, supply-chain fragility, and offshore competition as key headwinds for hardware startups.
Three hardware firms—iRobot, Luminar, and Rad Power Bikes—filed for bankruptcy amid tariffs and supply-chain pressures, underscoring risks for tangible-product businesses in a globally tense trade environment.
Rad Power Bikes files for bankruptcy and plans to sell the business.
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