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 all the way down to do a high-speed tripod flip and the whole lot:
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 going through “vital monetary challenges:”
Awww…
I imply certain, that good household who participates of their native “bike bus” makes use of every body, 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 influence investing platform managed by TPG, and funds and accounts suggested by T. Rowe Worth Associates.
Later that 12 months, as ridership surged, Rad raised one other $154 million.
In April 2022, the corporate started a sequence a layoffs, slashing 100 jobs from its 725-person workforce as a part of what it described as a restructuring. One other 63 staff had 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 motorcycle ought to simply be some metallic tubes welded collectively and a few pulleys, levers, and cables. THAT’S IT! It shouldn’t be attainable to blow by means of over $300 million in 4 years for those who’re one firm within the enterprise of promoting bicycles. Advantageous, I assume you want larger 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 finished all you really want is a couple of folks to place the issues collectively, and you then want a couple of extra folks to promote the issues. Actually, as soon as the uncooked supplies are refined and the elements solid and drawn and extruded or no matter else they do, the most important single entity in all of this must be the bike store, and that’s solely as a result of clients are idiots and it’s onerous to clarify 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 offer you cash) on the identical time, particularly on that first good spring weekend once they all drag their piece-of-crap bike out of the basement and anticipate you you to make it rideable for them, and so after all 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 point out for it? That requires somebody with actual enterprise expertise:
Although it appears to be like like he obtained out whereas the getting was good, which I suppose is the place the enterprise expertise comes into play.
Fortuitously I don’t have to fret about that stuff, on the subject of 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 looking for shelter amongst the timber:
That’s after all 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’m wondering what Rivendell might do with a funding spherical of $150 million…
