Business
Life Electric Vehicles Holdings, Inc. (OTC: LFEV) Wins Bid to Acquire Rad Power Bikes’ Assets
Life Electric Vehicles Holdings, Inc. (OTC: LFEV) Wins Bid to Acquire Rad Power Bikes’ Assets.
About this update from Life Electric Vehicles Holdings Inc.
[{"type":"text","content":"DEERFIELD BEACH, FL - January 28, 2026 - Life\r\n Electric Vehicles Holdings, Inc. (“Life EV” or the “Company”)\r\n announces that it has authorized and won the bid to acquire substantially all\r\n of the assets of Rad Power Bikes, Inc. (“Rad Power”), a well-known electric\r\n bicycle brand.\r\n\r\nLife EV’s bid, reflecting consideration of approximately\r\n $13.3 million in cash and an implied total value of approximately $14.9 million\r\n when accounting for assumed liabilities, was the highest and best offer\r\n submitted in a court-supervised auction process.\r\n\r\nThe proposed acquisition remains subject to Bankruptcy\r\n Court approval and customary closing conditions.\r\n\r\nLife EV believes the acquisition, upon closing, would\r\n represent a significant strategic opportunity to expand its footprint in the\r\n electric mobility sector. The Company will provide additional updates as\r\n appropriate.\r\n\r\nAbout Life Electric Vehicles Holdings, Inc.\r\n Life\r\n Electric Vehicles Holdings, Inc. (OTC: LFEV) is a U.S.-based company holding a\r\n significant equity position in LEV Manufacturing, Inc., owner of the Serial 1\r\n premium electric bicycle brand acquired from Harley-Davidson. LEV Manufacturing\r\n is in the process of activating FTZ operations to optimize U.S. production,\r\n supported by management’s proven expertise in FTZ-based manufacturing. Life EV\r\n Holdings also owns and develops the Life EV brand and operates E-Life\r\n Distributors, its wholly owned sales and distribution arm, supporting sales and\r\n distribution activities across retail, private label, and affiliated brands.\r\n Focused on innovation, sustainability, and U.S.-based assembly, Life EV\r\n Holdings aims to be a leading player in the micro-mobility industry.\r\n\r\nForward-Looking Statements\r\n This\r\n press release contains “forward-looking statements” within the meaning of the\r\n Private Securities Litigation Reform Act of 1995, including statements related\r\n to the Company’s growth plans, market strategy, product development, order\r\n book, regulatory matters, and corporate strategy. Forward-looking statements\r\n are based on current expectations and involve risks and uncertainties that\r\n could cause actual results to differ materially. Readers are cautioned not to\r\n place undue reliance on these forward-looking statements...