Rad Power Bikes, once the dominant force in North America’s direct-to-consumer e-bike boom, has officially found a new home.

Life EV announced that its court-approved asset acquisition had been completed as part of Rad's bankruptcy process.

Robert Provost, CEO of South Florida-based Life Electric Vehicles Holdings, Inc., laid out an ambitious roadmap to overhaul and energize the new company, Rad Life Mobility.

The agency is advising that owners of Rad Power Bikes e-bikes should stop using the bike’s battery due to a fire hazard. The batteries can ignite and explode, "posing a fire hazard to consumers, ...