Ever since the pandemic, the travel sector, especially last mile mobility, has gone through a metamorphosis. It is no surprise that people now prefer to travel alone and in a safer manner, at more than an arms-length from strangers. This shift in attitude to highly prefer last mile connectivity helped bolster the current position for many mobility startups, which witnessed increased funding interests.
One such startup is Rad Power Bikes. The US-based based ebike company has bagged a whopping €125.21M investment from some notable investors. The list of investors in the company now includes Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund (global impact investing platform managed by TPG), and funds and accounts advised by T. Rowe Price Associates, Inc.