Articles tagged with "micromobility"
Rad Power Bikes reaches deal to sell itself for $13.2 million
Rad Power Bikes, an electric bike company, has agreed to sell itself to Life Electric Vehicles Holdings (Life EV) for approximately $13.2 million, shortly after filing for bankruptcy. The sale followed an auction with five bidders, where Life EV emerged as the winner with a bid totaling $14.9 million when liabilities are included. Retrospec, another e-bike company, was the backup bidder with a $13 million offer. This valuation is a significant drop from Rad Power’s peak valuation of $1.65 billion in October 2021. The acquisition requires approval from the bankruptcy judge. Life EV, based in Florida, is a developer and distributor in the light electric vehicle sector, though most of its own electric bikes were sold out at the time of reporting. Rad Power Bikes experienced rapid growth during the pandemic but later faced challenges including multiple layoffs, CEO changes, and safety issues related to older batteries that reportedly caught fire, with 31 incidents reported to the Consumer Product Safety Commission (C
energyelectric-bikesmicromobilitybattery-safetyelectric-vehiclesbankruptcytransportation-technologyCES 2026: will.i.am debuts 120 mph TRINITY EV with talking AI
At CES 2026, will.i.am unveiled the TRINITY, a one-seat, three-wheel electric vehicle concept that integrates real-time AI powered by NVIDIA’s DGX Spark technology. Designed primarily as a technology demonstrator rather than a finished product, TRINITY emphasizes situational awareness over full autonomy, allowing drivers to interact with the AI for real-time information about their surroundings. The vehicle processes vision data locally to understand its physical environment, aiming to enhance driver experience without relinquishing control. The project will launch a Kickstarter pre-order interest program on January 6, targeting a limited production run of 500 units priced under $30,000, with deliveries expected by August 2027. Manufacturing is planned in Boyle Heights, Los Angeles, with contributions from West Coast Customs and DEKA Research and Development. Distinct from traditional three-wheelers, TRINITY features a leaning design similar to a motorcycle, enabling greater speed and agility, with a targeted top speed of 120 mph. DEKA,
electric-vehicleAINVIDIA-DGX-SparkmicromobilityDEKA-Researchreal-time-inferencethree-wheel-vehicleRad Power Bikes files for bankruptcy and is looking to sell the business
Rad Power Bikes, a prominent electric bike manufacturer, filed for Chapter 11 bankruptcy protection, aiming to sell the business within 45-60 days while continuing normal operations. The company cited the bankruptcy as a way to preserve its relationships with customers, vendors, and partners. This move follows a turbulent period marked by multiple layoffs, a CEO change, and a strategic shift from a direct-to-consumer model to a retail-focused approach under new CEO Kathi Lentzch. Rad Power entered bankruptcy with $32 million in assets against $73 million in liabilities, including over $8 million owed to U.S. Customs and Border Protection for unpaid tariffs, a debt listed as disputed. The filing comes amid broader challenges in the e-bike industry, which has seen several companies file for bankruptcy after pandemic-driven demand waned. Rad Power’s difficulties were compounded by a Consumer Product Safety Commission warning about fire risks associated with older Rad Power batteries, a claim the company disputes. Previously, Rad had hoped to secure funding through
energyelectric-bikesbattery-safetybankruptcymicromobilityelectric-vehicle-technologyconsumer-product-safetyOP-ED: The Philippines Is Getting Micromobility Backwards — And The LTO’s Crackdown Proves It - CleanTechnica
The article discusses the Philippine Land Transportation Office’s (LTO) recent crackdown on light electric vehicles (LEVs), including e-bikes and e-trikes, threatening impoundment if found on major roads starting January 2. This enforcement is based on a 35-year-old memorandum (Circular 89-105) that predates the commercial availability of electric vehicles. However, the 2022 Electric Vehicle Industry Development Act (EVIDA) explicitly exempts privately owned LEVs from registration, creating a legal conflict. Critics, including lawmakers and legal experts, argue that the LTO’s actions represent regulatory overreach by attempting to enforce outdated rules that contradict current national law. The article highlights that the LTO justifies the crackdown on safety grounds, aiming to remove LEVs from major roads similarly to past restrictions on tricycles. Yet, EVIDA allows LEVs to operate on national and local roads if they use designated or bicycle lanes, though infrastructure to support this is currently insufficient,
energyelectric-vehiclesmicromobilitytransportation-policyclimate-lawelectric-bikessustainable-transportThe Canta: How an ICE Micromobility Icon Kicked in Personal EV Adoption - CleanTechnica
The Canta microcar, developed by Waaijenberg Mobility, has become an iconic solution in Amsterdam’s urban mobility landscape by addressing specific transportation challenges without exacerbating congestion or pollution. Measuring just 1.10 meters wide—comparable to bike handlebars—the Canta is legally classified as a “mobility aid” rather than a conventional car. This unique status allows it to access bike paths, park on sidewalks, and bypass typical licensing requirements, making it especially valuable for elderly and disabled users seeking independent mobility. Its innovative “Ride-in” model enables wheelchair users to drive without transferring seats, enhancing accessibility and personal freedom. Originally powered by small internal combustion engines, the Canta has transitioned to electric power, reflecting a broader shift toward sustainable urban transport. The latest electric model, the Canta 2 Urban Premium Elektro, features a modest 2.2 kW motor and a compact 4.8 kWh battery, optimized for efficiency rather than speed or power. It adheres to a
energyelectric-vehiclesmicromobilityurban-transportationelectric-powertrainsustainable-mobilitymobility-aidsRad Power Bikes faces shutdown in January without new funding
Rad Power Bikes, a Seattle-based e-bike manufacturer, has warned employees that it may shut down operations in January 2026 if it fails to secure new funding or a buyer. An internal email viewed by TechCrunch revealed that while leadership is actively seeking solutions, including strategic partnerships and acquisitions, a recent promising deal fell through. The company has faced significant financial challenges due to a sudden drop in consumer demand post-pandemic, excess inventory, tariffs, and broader macroeconomic pressures. Rad Power has already undergone multiple layoffs in recent years and recently issued a Worker Adjustment and Retraining Notification (WARN) to its Seattle staff, indicating potential layoffs affecting 64 employees as early as January 9, 2026. Despite the turmoil in the micromobility sector, with several competitors like Cake, VanMoof, Superpedestrian, and Bird also struggling or restructuring, Rad Power was still regarded for producing compelling e-bikes. Earlier this year, the company replaced its CEO with Kathi Lentzsch
electric-bikesmicromobilityenergy-storagebattery-technologytransportation-technologysustainable-transportationelectric-vehiclesAmazon will buy thousands of pedal-assist cargo vehicles from Rivian spinoff Also
Also, a micromobility startup spun out of Rivian, has secured a multi-year commercial deal with Amazon to supply thousands of its new pedal-assist cargo quad vehicles, known as the TM-Q. These electric quads, launching in 2026, are designed to carry over 400 pounds of packages while being compact enough to use bike lanes, making them suitable for urban deliveries in Europe and the U.S. The collaboration involves customizing the vehicles to meet Amazon’s delivery requirements, leveraging Rivian’s experience and technology, including a shared fleet management portal that integrates with Amazon’s existing electric delivery van program. Also originated as an internal project within Rivian and recently became a standalone company with $105 million in funding from Eclipse Ventures, though Rivian retains a minority stake and close operational ties. The TM-Q shares many components with Also’s TM-B ebike, including a pedal-by-wire drivetrain, a five-inch touchscreen for navigation and security, and portable, swappable battery technology. Unlike consumer
robotelectric-vehiclesbattery-technologymicromobilitycargo-deliverypedal-assist-vehiclesfleet-managementThe Micromobility Revolution Is Crushing Fossil Fuel Dreams - CleanTechnica
The article from CleanTechnica highlights the ongoing micromobility revolution, emphasizing its historical and contemporary significance, particularly for women’s emancipation and empowerment. It traces the roots of micromobility back to the late 1800s when bicycles, especially the safer "Safety Bicycle," provided women with unprecedented freedom and autonomy, as famously noted by Susan B. Anthony. Despite this legacy, current challenges remain, such as safety concerns and harassment, which continue to deter many women from cycling, as illustrated by campaigns like Cycling UK’s “My Ride. Our Right.” The article stresses that improving safety and inclusivity in micromobility infrastructure is not just about transportation but also about equality and opportunity. The piece also introduces ALSO, a new US-based micromobility startup backed by automaker Rivian, which aims to accelerate the shift away from fossil fuels through innovative electric bikes and accessories. ALSO’s flagship TM-B e-bike features advanced vehicle-grade battery technology, a digital touchscreen display, integrated
energymicromobilityelectric-bikestransportationclean-energysustainabilityelectric-vehiclesRivian spinoff Also reveals a high-end modular e-bike for $4,500
Rivian’s spinoff company Also has unveiled a high-end modular electric bike called the TM-B, designed as more than just a conventional e-bike. Developed initially by a skunkworks team within Rivian, Also aims to build the entire micromobility platform in-house, including hardware, software, and manufacturing tools. The TM-B features a sleek design with hidden advanced technology such as a pedal-by-wire propulsion system that disconnects pedaling from mechanical movement, a removable battery with USB-C fast charging, and integrated security that locks the bike and alerts the rider if tampered with. The TM-B will be available in several trims: a $4,500 launch edition and performance trim (both with a 100-mile range, 10 assist levels, air suspension, and multiple ride modes), and a base model priced under $4,000 with a 60-mile range and fewer assist levels. All versions include front and rear LED lighting with turn signals, a top speed of
energyelectric-bikebattery-technologymicromobilityIoT-securitymodular-designelectric-vehicleI Went to Bogota’s Latest EV Exposition. Now I’m Certain We’re Over the Tipping Point. - CleanTechnica
The recent Expoferia of EVs and HEVs held from August 21-24 at Bogotá’s Carrera Mall showcased a significant shift in Colombia’s electric vehicle (EV) market, signaling that the country has passed a critical tipping point toward electrification. Despite being organized by a small vehicle/taxi company in a less frequented area, the event was notably crowded, with high demand and interest from attendees. The exposition featured predominantly battery electric vehicles (BEVs) at about 85%, with plug-in hybrids (PHEVs) making up 10%, and only a few hybrid electric vehicles (HEVs), despite HEVs currently outselling EVs in Colombia. This reflects a clear market pivot toward full electrification. The event highlighted the arrival of a diverse range of affordable EV models recently introduced to Colombia, such as the Chery ICar 03, Dongfeng Friday, JAC E30X, Deepal S05, and GAC Aion V, expanding options across multiple vehicle
energyelectric-vehiclesEV-expositionbattery-technologysustainable-transportationhybrid-vehiclesmicromobilityRivian spinoff Also raises another $200M to build e-bikes and more
Also Inc., a micromobility startup that was spun out of electric vehicle maker Rivian earlier in 2023, has secured an additional $200 million in funding from Greenoaks Capital. This latest investment raises Also’s valuation to $1 billion post-money. Previously, the company had raised $105 million from Eclipse Ventures shortly after its separation from Rivian. Originally formed as an internal project at Rivian in 2022 called Project Inder, Also began developing an e-bike with design input from Jony Ive’s firm LoveFrom. Now operating independently, Also aims to produce a range of micro-electric vehicles (micro-EVs) and plans to unveil its initial designs later this year. Both Rivian and Also have not provided comments on the funding or future plans as of the report.
energyelectric-bikesmicromobilityelectric-vehiclesstartup-fundingsustainable-transportationRivian-spin-offTechCrunch Mobility: Applied Intuition’s eye-popping valuation, the new age of micromobility, and Waymo’s wild week
The article from TechCrunch Mobility highlights several key developments in the autonomous vehicle and micromobility sectors. Waymo, the leading commercial robotaxi operator providing 250,000 paid rides weekly, has experienced a dynamic week marked by expansion and regulatory challenges. The company announced plans to extend its service area by 80 square miles across Los Angeles, the San Francisco Bay Area, and Silicon Valley, and is seeking permits to test autonomous vehicles in New York City. However, fully driverless operations in NYC will require changes in state law, signaling upcoming lobbying efforts. In investment news, Applied Intuition, a startup specializing in autonomous vehicle software such as simulation and data management tools, raised $500 million in a funding round co-led by BlackRock-managed funds and Kleiner Perkins, boosting its valuation to $15 billion—more than double its $6 billion valuation just a year prior. Other notable deals include Archer Aviation’s $850 million raise linked to a new eVTOL pilot program and Senra’s
robotautonomous-vehiclesrobotaximobility-technologyapplied-intuitionmicromobilityeVTOLThe startups rolling out of Europe’s early-stage micromobility scene
The European early-stage micromobility sector is evolving from its earlier chaotic growth phase marked by aggressive scaling and large venture capital inflows, which have since shifted toward more sustainable business models amid tighter funding. At the recent Micromobility Europe conference in Brussels, several startups showcased innovations addressing key industry gaps such as fleet management, parking, and charging infrastructure, alongside new vehicle designs tailored to user needs. Among these startups, UK-based Convoy offers a clip-on cargo conversion kit for bikes and e-bikes that can carry up to two small children, aiming to make e-cargo bikes lighter, more affordable, and user-friendly for parents. Founded in 2023 by a team with diverse backgrounds including femtech and e-bikes, Convoy’s €2,200 attachment features a 250-watt motor and rear-wheel steering, with plans to expand beyond Europe to Japan and the U.S. Germany’s Azora Charge, founded by siblings Caroline and Johannes Goeckel, is developing
IoTenergye-bikesmicromobilitysolar-chargingsmart-parkingsustainable-transportationVanMoof is back with a new custom e-bike and rebooted repair network
VanMoof, the Dutch e-bike startup known for its premium, minimalist designs featuring integrated lights, batteries, and motors, has relaunched two years after filing for bankruptcy in July 2023. The company’s previous downfall was largely attributed to its heavy reliance on custom parts, which led to supply constraints and an underdeveloped repair network, leaving customers stranded with broken bikes and damaging trust. After being acquired by Lavoie, a McLaren Applied division, VanMoof leveraged Formula 1 expertise to redesign problematic components using performance data, improving reliability while partnering with large manufacturers to ensure quality and parts availability. Notably, the company shifted to co-designing batteries with Panasonic, moving away from fully in-house battery development. A key focus for VanMoof’s comeback is its revamped servicing infrastructure. The company has established a network of 250 repair centers and 130 sales partners across select European markets, supported by a tech suite for diagnostics, parts ordering, and warranty management, as well as online
e-bikeelectric-bikecustom-partsbattery-technologyrepair-networkmicromobilityPanasonic-batteriesVoi CEO says he’s open to acquiring Bolt’s micromobility business
Voi CEO Frederik Hjelm has expressed openness to acquiring Bolt’s micromobility business, although Bolt’s scooter and bike operations are not confirmed to be for sale. Hjelm highlighted the challenges Bolt faces in excelling across multiple verticals, including ride-hailing, grocery and food delivery, and car rentals. He emphasized that micromobility is particularly difficult due to its hardware demands and lack of network effects seen in other services like food delivery or ride-hailing. Hjelm also argued that local users of dockless e-scooters and e-bikes prioritize affordability and experience over brand loyalty or the convenience of a “super app,” suggesting that brand recognition alone does not guarantee a superior user experience. Other industry executives echoed skepticism about Bolt’s micromobility strategy. Bird’s Washinushi criticized Bolt for using price as a loss leader, leveraging revenue from other business areas to subsidize micromobility growth without significant investment in operational excellence. In contrast, companies like
micromobilityelectric-scooterse-bikesshared-mobilitytransportation-technologyride-hailingurban-mobilityHonda dips its toes in cargo delivery micromobility
Honda is entering the cargo delivery micromobility market with its new Fastport eQuad, a battery-assisted four-wheeled vehicle designed for urban delivery use. The eQuad comes in two sizes, both smaller than a Mini Cooper but capable of carrying between 320 to 650 pounds. It features pedals and a top speed limited to 12 mph (20 kph) to comply with bike lane regulations. The vehicle uses Honda’s swappable Mobile Power Pack batteries, enabling quick battery changes to maintain continuous operation. Inside, the eQuad offers a bike-like cockpit with a seat, pedals, windscreen, and a display to assist navigation. Honda emphasizes the eQuad as a software-defined vehicle, suggesting ongoing value and improvements through software updates, although specific features were not detailed. Production of the U.S.-bound eQuads will take place at Honda’s Performance Manufacturing Center in Ohio, a facility previously known for assembling high-performance supercars. This move marks a shift for Honda into the growing
energyelectric-vehiclesmicromobilitybattery-technologycargo-deliveryHondasustainable-transportationa16z-backed Infinite Machine shows off cheaper, modular electric scooter
Infinite Machine, a New York-based micromobility startup backed by a16z, has unveiled the Olto, a seated electric scooter priced at $3,495, set to ship later this year. The Olto offers a 40-mile range powered by a swappable 48V lithium-ion battery and features a 750W rear hub motor capable of reaching 20 mph in bike lanes and 33 mph off-road. Designed with modularity in mind, the scooter allows users to attach accessories such as child carriers, rear racks, or baskets. It also includes fold-out pedals that provide pedal-assist propulsion, enabling it to function similarly to an e-bike. The dual-suspension frame supports two riders, enhancing comfort and versatility. This launch positions the Olto as a more affordable alternative to Infinite Machine’s flagship P1 scooter, which costs $10,000 and resembles a Cybertruck-style two-wheeler. Despite the competitive and challenging U.S. micromobility market
electric-scootermicromobilitylithium-ion-batterymodular-designelectric-vehiclee-biketransportation-technologyJony Ive’s LoveFrom helped design Rivian’s first electric bike
LoveFrom, the creative firm founded by former Apple chief designer Jony Ive, collaborated with Rivian on the development of the electric bike that marks Rivian’s first entry into micromobility. Over approximately 18 months, LoveFrom staff worked closely with Rivian’s design and engineering teams within a skunkworks program led by former Specialized executive Chris Yu. This secretive project, which began in early 2022, aimed to leverage Rivian’s EV technology to create a smaller, modular, and more affordable vehicle than its existing electric trucks and vans. LoveFrom’s involvement, starting in early 2023, focused on refining prototypes, user interface, user experience, and industrial design, bringing an interdisciplinary and international perspective to the product’s aesthetics and packaging. The skunkworks program eventually evolved into a startup called Also, backed by $105 million in funding from Eclipse Ventures and staffed by talent from Apple, Google, Tesla, and others. While details about the bike remain scarce, Rivian’s CEO RJ Scaringe described it as “bike-like” with basic components such as a seat, two wheels, a screen, computers, and a battery. Both Scaringe and Yu hinted at a broader vision for Also to explore various micromobility formats beyond the initial electric bike. The company plans to unveil its first designs later in 2024. LoveFrom’s collaboration with Rivian extends beyond this project, having previously consulted on Rivian’s infotainment system and retail experience, underscoring a close and ongoing relationship between the two firms.
electric-bikeRivianmicromobilitybattery-technologyEV-technologymodular-designtransportation-innovationPodbike Shuts Down: Norwegian E-Velomobile Startup Files For Bankruptcy - CleanTechnica
energyurban-mobilitye-bikemicromobilitysustainable-transportelectric-vehiclestartup-failure