Overview
- Rad says it will keep selling bikes and supporting customers during the bankruptcy as it markets the business for sale within 45–60 days.
- Court filings show roughly $32.1 million in assets versus about $72.8 million in liabilities, with inventory valued near $14 million.
- More than $8 million claimed by U.S. Customs for import tariffs appears in the filings as a disputed debt.
- The filing follows a CPSC warning about certain older batteries tied to 31 reported fires, which Rad disputes based on third‑party testing and compliance claims.
- A November WARN notice, a collapsed rescue deal, layoffs and executive turnover highlight ongoing pressure after the post‑pandemic downturn, recalls and supply‑chain challenges.