Used e-bike trade-in program at Rad Power Bikes stores aims to broaden electric mobility access
Headquartered in Seattle Rad power bike Working with up roadis a marketplace for new and used e-bikes that allows customers to trade in existing rides and purchase upgrades at discounted prices at eight RadRetail locations across the United States
The Upway trade-in program is not only designed to help riders gain access to the latest technology, but also supports a sustainable circular economy, where Upway offers refurbished e-bikes at a reduced price.
Upway general manager Maxime Renson said in a press release on Wednesday that the partnership will help extend the life cycle of e-bikes and reduce waste, allowing more people to enjoy e-mobility services.
Originally launched in 2023, the program is currently used by more than 2,000 bike shops in the United States and Europe, providing valuation estimates for more than 200 e-bike brands.
When customers bring their current e-bike to a Rad location, they can choose to sell the bike on Upway or trade it in and receive a discount on a new Rad bike in the store. Upway and Rad trade bikes to UpCenter for refurbishment and resale.
Headquartered in Seattle’s Ballard neighborhood, Rad was founded in 2007 and began selling electric bicycles directly to consumers through online sales in 2015. $304 million. Multiple rounds of layoffs From 2021 onwards.
Rad’s current retail locations are in Seattle; Berkeley, CA; Santa Barbara, CA; Huntington Beach, CA; San Diego; Salt Lake City; Denver; and St. Petersburg, FL.
2024-12-04 14:00:00