The consumer direct ebike brand ranks number 63 on the 2019 Inc. 5000 list for its three-year revenue growth of 4,442 percent
SEATTLE, August 14, 2019 – Inc. magazine today revealed that Rad Power ® Bikes is number 63 on its annual Inc. 5000 list, the prestigious ranking of the nation’s fastest-growing private companies. Many well-known names, including Microsoft, Dell, Domino’s Pizza, Pandora, and Timberland, gained their first national exposure as honorees on the list.
“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 ebikes, and are now building a company that’s helping to change the way people and businesses move.”
The global ebike brand grew its revenue more than 4,400 percent over the last three years through its thriving consumer-direct business model, rapid international expansion into Canada and Europe, and launch of a dedicated commercial division. The Seattle-based company quickly became North America’s largest ebike brand by taking a value-innovation approach to designing powerful, durable, and affordable ebikes, backed by unprecedented customer support.
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 March 31, 2015 and independent as of December 31, 2018. Ranked within the top 100 companies, Rad Power Bikes will be featured in the September issue of Inc., available on newsstands on August 20. For more, visit www.radpowerbikes.com and www.inc.com.
About Rad Power Bikes
About Rad Power Bikes™: Rad Power Bikes is the largest ebike brand in North America, with a community of more than 550,000 riders in more than 30 countries and thousands of business customers. Founded in 2007, the global consumer-direct company boasts a full lineup of affordable ebikes and accessories that are changing the way people and goods move. The global team of passionate ebike enthusiasts create products and service solutions that are purpose built whether that be for commuting, adventuring, delivery, or hauling kids. The company designs all of its products in-house at its Seattle headquarters and operates international offices in Vancouver, British Columbia, Utrecht, the Netherlands, and has teams in Shanghai, China and Taipei, Taiwan. The company has more than 20 Rad Mobile Service locations and 5 Rad Retail Stores and is expanding rapidly to serve riders across the U.S., Canada and Europe. Recognized by TIME, Fast Company, and INC. as one of the most innovative and influential companies in 2021, Rad Power Bikes is on a mission to build a world where transportation is energy-efficient, enjoyable, and accessible to all.
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