TechCrunch Mobility: Bankruptcy takes out two
Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.” To get this in your inbox, sign up here for free — just click TechCrunch Mobility! The year in transportation started with a couple of bankruptcies — Canoo and Nikola — and now it’s ending with two more. Rad Power Bikes is coming to an end — or at least a bankruptcy. The electric bike company filed for Chapter 11 bankruptcy protection, weeks after it warned employees that it could shut down without new funding. A spokesperson told TechCrunch the company will continue to operate while the bankruptcy case proceeds, and it’s looking to sell the business within 45-60 days. And then there is troubled lidar maker Luminar, which also filed for bankruptcy this week. The Luminar…
