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Life EV has completed a court-approved acquisition of Rad Power Bikes, granting a second life to the troubled e-bike brand.
The Florida-based Life EV now owns Rad's brand, intellectual property, inventory and certain unspecified operating assets, and will continue to operate as Rad Power Bikes in the US, with plans to expand to "select key markets."
Rad's new owner has committed to honoring certain warranties and gift cards purchased prior to the acquisition, and says new bikes will be built in the US going forward. Life EV will adopt a Foreign Trade Zone (FTZ) structure for its manufacturing operations, allowing it to take advantage of special domestic customs procedures when sourcing parts from global suppliers.
"Rad Power Bikes has helped define the e-bike category in North America with its innovative products and passionate rider community," said Life EV CEO, Rob Provost. "Respecting and preserving that legacy - its brand, vision, and leadership - is foundational to this acquisition. Together, we will build on that trust and create new opportunities for riders nationwide."
The completed acquisition marks the end of a turbulent period for Rad. Back in December, the company was forced to file for Chapter 11 bankruptcy after the Consumer Product Safety Commission (CPSC) warned Rad's customers to "immediately stop using" some of its e-bike batteries due to a serious fire hazard. At the time, Rad said it couldn't afford to r
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'Project Hail Mary' directors Phil Lord and Chris Miller were previously attached to direct 'Artemis,' which came after Weir's 'The Martian.'
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Justin Sun has been eager to promote crypto offerings related to the President.
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You don't want to be secretly recorded by a wearer of Meta Ray-Bans. We'll explain the distinguishing features of popular smart glasses.
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Nintendo of America is suing the US government, including the Department of Treasury, Department of Homeland Security and US Customs and Border Protection, over its tariff policy, Aftermath reports. The video game giant already raised prices on the Nintendo Switch in August 2025 in response to "market conditions" but has so far left the price of the newer Switch 2 console unchanged.
Nintendo's lawsuit, filed in the US Court of International Trade, cites a Supreme Court ruling from February that confirmed a lower courts' opinion that the Trump administration's global tariffs were illegal. Nintendo's lawyers claim that the video game company has been "substantially harmed by the unlawful of execution and imposition" of "unauthorized Executive Orders" and the fees Nintendo has already paid to import products into the country. In response, the company is seeking a "prompt refund, with interest" of the tariffs it has paid.
"We can confirm we filed a request," Nintendo of America said in a statement. "We have nothing else to share on this topic."
While taxes and other trade policies are supposed to be set by Congress, President Donald Trump implemented
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 Apple this week unveiled seven products, including an iPhone 17e, an iPad Air with the M4 chip, updated MacBook Air and MacBook Pro models, a new Studio Display, a higher-end Studio Display XDR, and an all-new MacBook Neo that starts at just $599.
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