Rad Power Bikes

“The second reason, every single summer we were out of stock and we, for long periods of time, weeks on end. So we were cash constrained, like we needed to be able to order more inventory near the tail end of each year to be prepared for the upcoming summer.”

“So April of 2020, we've done 297% more bike sales than we did April 2019.”

“The first customer I had actually ended up trading the bike for a teepee, like an actual, like, teepee that I lived in for a summer on my parents' property.”

“You know, you don't want to buy one Ski-Doo. You want to buy two so you can go with your friend. You see the same thing with e-bikes, which is, it's a lot more fun to go ride with a pal.”

“In mid 2018, right, we were growing up really fast. And we had a lot of bikes on order compared to our balance sheet. And all of a sudden tariffs hit us really hard. E-bikes were part of the section three Oh one tariffs. So like I said, we had all these bikes …”

“You know, we estimate we have about 25% or more of the North American market.”

“And so one of the big learnings I've kind of taken away from the last awesome five years with Ty has been like, acknowledge the tension and address it head on. Like, don't let it build up pressure because it, you might think it's not creeping out into the rest…”

“We were nearly a hundred million in sales last year.”

“Within 30 days, right, we had done, I think over 300 people had signed up, so we did 320,000 dollars in pre-orders.”

“We're a business that has grown a hundred more than a hundred percent per year for the last five years.”

“We had in the first year, so in, in, in, in, in, in, in, we did a you know, a million and a half in sales. So we did 300,000 on crowdfunding and a 1.5 for the year.”