Seattle based startup Rad Power Bikes announced it has closed on a $25 million funding round.
The funding was led by Vulcan Capital and Durable Capital Partners LP.
The funding will be used to support new brick and mortar retail locations worldwide, along with the expansion of the company’s mobile service and white glove delivery offerings.
Founded in 2007, Rad Power is the largest ebike brand in North America. The company sells a line of affordable ebikes and accessories direct to consumers.