IN BRIEF
Rad Life Mobility, the company created from the takeover of Rad Power Bikes’ assets in a US bankruptcy process, is opening its capital to the general public: the 26 August press release states that “its regulated crowdfunding offering is open”. Three brands sit within the group: Rad Power Bikes, Serial 1 and QuietKat. The operation runs through the Highlander Crowdfunding platform, under the US Regulation Crowdfunding regime. The accounts published on this occasion cover a very short period, from 19 February to 30 June: over 7 million dollars in revenue, over 3 million dollars in gross margin — and a net loss of around 2 million dollars, which the company puts down to its start-up investments.
| Company | Rad Life Mobility, a subsidiary of Life Electric Vehicles Holdings |
| Brands involved | Rad Power Bikes, Serial 1 and QuietKat |
| Platform | Highlander Crowdfunding, run by PicMii Crowdfunding LLC |
| Legal framework | Section 4(a)(6) of the Securities Act of 1933 |
| Revenue (19 February – 30 June) | over $7M |
| Gross margin | over $3M |
| Net result | loss of around $2M |
Rad Power Bikes’ assets changed hands at the end of February, at the close of a US bankruptcy procedure. Six months later, Rad Life Mobility, the entity that took them over, is asking the public to chip in — and is publishing, for the occasion, audited accounts covering a four-and-a-half-month period.
What Rad Life Mobility is launching
The announcement is datelined Deerfield Beach, Florida, and the 26 August press release confines itself to stating that “its regulated crowdfunding offering is open”. The scheme is American and tightly framed: the release specifies that “Rad Life is conducting an offering of its securities under Section 4(a)(6) of the Securities Act of 1933 (Regulation Crowdfunding), through PicMii Crowdfunding LLC, doing business as Highlander Crowdfunding”.
This regime allows an unlisted company to raise funds from the general public, with a cap and disclosure obligations. The campaign is explicitly aimed at the existing community: according to the company, it gives “the Rad Power and QuietKat communities, customers, suppliers, partners and the public” a direct way to “participate in the next chapter of a new integrated electric mobility platform”. The offering is hosted at invest.highlander.ai/radlife.
Three brands brought together in six months
The group’s family tree fits into a few lines, and it is a recent one. According to the press release, Rad Life was launched on 19 February 2026 and closed on 27 February a “court-approved Chapter 11 Section 363 acquisition” covering certain Rad Power Bikes assets, “free and clear under the bankruptcy code”: the brand, the intellectual property, inventory and operating assets were taken over — not the liabilities. Sales started in the second week of March, QuietKat was bought in June, and it was LEV Manufacturing, a division of Life Electric Vehicles Holdings, the majority shareholder of Rad Life, that acquired a 100,000 square foot facility in Algood, Tennessee.
Short accounts, and an acknowledged loss
The revenue figure has to be read with a caveat: the period covered runs from 19 February to 30 June. According to the press release, “for the period from 19 February 2026 to 30 June 2026, Rad Life generated over 7 million dollars in revenue and over 3 million dollars in gross margin on an audited basis”. Both amounts are given as orders of magnitude, without an exact total.
The bottom line, for its part, is negative, and the company explains it by its relaunch spending: it “invested in brand development, marketing, infrastructure and other initiatives supporting its transition and future growth, which resulted in a net loss of approximately 2 million dollars”, it writes.
The Form C filed with the SEC, for its part, sets a minimum target of $10,000, a cap of 5 million, a price of $1.00 per share of common stock and a closing date of 31 October 2026. The valuation does not appear in it; the press release is careful to set aside that of the former company, recalling that the some 330 million dollars raised and the valuation of around 1.65 billion “relate to the previous owner’s business and predate the acquisition by Rad Life”.
The press release finally invites investors to “carefully review the Form C, the risk factors and the terms of the offering before investing”.
