Announced
Completed
Financials
Tags
Recreational Vehicles and Boats
Single Bidder
Private
United States
Private Equity
Friendly
Domestic
ebikes
Minority
Acquisition
Completed
Venture Capital
Synopsis
Morgan Stanley, Fidelity, T. Rowe Price and TPG's The Rise Fund led a $150m funding round in Rad Power Bikes, an e-bike maker, with participation from Durable Capital Partners and Vulcan Capital. "Rad Power Bikes has built an operation with all the earmarks of a company that can be much larger over time. Their commitment to innovation and providing excellent customer service to their riders has resulted in a high referral rate. We recognize the opportunity that the company has and are excited about the company's prospects," Henry Ellenbogen, Durable Capital Partner.
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