Rad Power Bikes is in an early chapter 11 posture, with the record provided showing only the December 15, 2025 petition and no disclosed DIP financing, sale motion, plan filing, or hearing timeline yet. The company entered chapter 11 as a direct-to-consumer e-bike business with an asset-based capital structure that included about $10.9 million of first-lien debt owed to JPMorgan Chase Bank and about $30.0 million of second-lien subordinated note debt, both described as secured by all assets in the Voluntary PetitionDkt. 1.
The filing followed a revenue contraction from approximately $129.8 million in 2023 to $103.8 million in fiscal 2024, leaving the Seattle-based debtor to restructure a business built around e-commerce sales, roughly 10 company-owned retail stores in the United States and Canada, and outsourced bike and component sourcing from Thailand and China. The petition also identifies a substantial unsecured creditor body, with the context pack reflecting 20 unsecured claims totaling about $28.1 million, alongside the approximately $40.9 million of funded secured debt disclosed from the petition materials.
The case path is not yet defined in the available docket record. The petition set the chapter 11 case in motion before Judge Whitman L. Holt in the Eastern District of Washington, but the provided context does not include first-day relief, a financing package, a sale process, or a proposed plan. The next meaningful milestones shown in the petition docket text are administrative filing deadlines on December 29, 2025 and an initial plan deadline of April 14, 2026, making the near-term question whether the debtor uses the case to stabilize operations, pursue a transaction, or negotiate a balance-sheet restructuring.
