Calling all automobiles, calling all automobiles. Be looking out for an e-bike rider who ran a light-weight and fled police at excessive pace:
And right here he’s, placing a foot right down to do a high-speed tripod flip and every little thing:
Maybe the Monmouth County police ought to come to the Bronx the place that is EVERY SINGLE RIDER ON AN EBIKE, as a result of I see that man twelve instances earlier than I even get to the nook.
In the meantime, in different e-bike information, Rad Energy is dealing with “important monetary challenges:”
Awww…
I imply certain, that good household who participates of their native “bike bus” makes use of every one, however critically, what the hell are we even doing right here?
As the worldwide electrical bike market exploded, Rad took on one other $150 million in 2021 from big-name traders equivalent to Counterpoint World (Morgan Stanley), Constancy Administration & Analysis Firm, The Rise Fund, the worldwide affect investing platform managed by TPG, and funds and accounts suggested by T. Rowe Value Associates.
Later that 12 months, as ridership surged, Rad raised one other $154 million.
In April 2022, the corporate started a collection a layoffs, slashing 100 jobs from its 725-person workforce as a part of what it described as a restructuring. One other 63 staff have been reduce in July, and extra adopted in December.
Are you kidding me?!? This isn’t the automotive business. It’s BIKES! How are we even speaking about numbers like this?!? A motorbike ought to simply be some metallic tubes welded collectively and a few pulleys, levers, and cables. THAT’S IT! It shouldn’t be doable to blow by means of over $300 million in 4 years in case you’re one firm within the enterprise of promoting bicycles. Positive, I assume you want greater firms to make stuff like derailleurs and shifters, and naturally the enterprise of getting metallic out of the bottom within the first place and turning it into tubing is a complete different factor, however as soon as that’s completed all you actually need is a number of folks to place the issues collectively, and then you definitely want a number of extra folks to promote the issues. Actually, as soon as the uncooked supplies are refined and the parts solid and drawn and extruded or no matter else they do, the most important single entity in all of this needs to be the bike store, and that’s solely as a result of clients are idiots and it’s onerous to elucidate bikes to them and restore their bikes and work a register with a purpose to lastly take their cash (whereas they complain about having to present you cash) on the identical time, particularly on that first good spring weekend after they all drag their piece-of-crap bike out of the basement and count on you you to make it rideable for them, and so in fact you want a employees of individuals with a highschool schooling to make this work.
However to blow by means of $300 million and don’t have anything to indicate for it? That requires somebody with actual enterprise expertise:
Although it seems to be like he obtained out whereas the getting was good, which I suppose is the place the enterprise expertise comes into play.
Happily I don’t have to fret about that stuff, relating to bikes all I do is journey them and mouth off about them:
And with temperatures dipping into the 40s on the American Freedom Scale™ I’m now searching for shelter amongst the timber:
That’s in fact the Platypus:
And it’s sporting an earlier prototype of the OM-1 derailleur:
As a result of course I used to be instrumental in its testing and improvement:
I ponder what Rivendell might do with a funding spherical of $150 million…
