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Rad Power Bikes isn’t just the largest electric bicycle company in North America, it’s also the most funded. Rad announced a massive new funding round today, adding another $154 million to its war chest as the company continues its mission of bringing affordably priced electric bicycles to the masses.

Part of that huge funding round has already been earmarked to invest in North American and European production.

The new funding round is Rad’s second this year, following on the heels of the previously record-breaking $150 million investment secured in February.

Now Rad Power Bikes’ existing investors have decided to double down, effectively throwing more money at the leading electric bicycle company.

The funding round announced today was led by Fidelity Management & Research Company, with investments from funds and accounts advised by T. Rowe Price Associates, Inc., Counterpoint Global (Morgan Stanley), Vulcan Capital, Durable Capital Partners LP, and The Rise Fund, TPG’s multi-sector global impact investing strategy.

While Rad announced that the funding will go toward the usual suspects of product development and further fleshing out its services such as RadMobile at-home assembly/repair service, the most interesting new investment may be adding production outside of Asia.

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The company announced that as part of its efforts to diversify its manufacturing and supply chains, it will be investing in North American and European production.

I pushed Rad Power Bikes founder and CEO Mike Radenbaugh for more details on exactly what that means, but he explained that he wasn’t able to share full details yet on precisely what components could see production in North America or Europe, or exactly where that production would be handled.

But it certainly fits with Rad’s strategy of finding creative solutions to solve the extreme supply chain difficulties being experienced throughout the electric bicycle industry.

Not only has Rad Power Bikes already invested in redundant production in several countries across Asia, but the company has purchased its own supply of shipping containers and even its own shipping vessel to keep its e-bikes flowing into the United States.

With over 350,000 riders so far, the Seattle-based e-bike company leads North America in sales and ridership. Strategic investments in sustaining and growing that edge have been an important part of keeping e-bikes available and maintaining affordable prices during unprecedented uncertainty in the e-bike industry.

It’s all part of the Rad’s plan to demonstrate that it’s not just an e-bike company, but an entire transportation solution company, Mike explained to me over the phone. And extreme growth has been central to that plan. “We’ve grown to over 620 people now, and we even have 100 open roles we’re currently filling. We’ll more than double our size this year alone.”

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It’s not just manpower that has grown, but also the company’s physical footprint. Rad has led in direct-to-consumer sales via its website, but has steadily invested in growing its retail space too. Mike explained that between its RadMobile service and physical retail stores, Rad Power Bikes would be tripling its physical footprint by the end of 2022.

All of that investment in growing its manpower and retail presence hasn’t slowed innovation at Rad, with the company launching three new models of e-bikes during the COVID-19 pandemic alone.

The $999 RadMission electric bike became an instant success when it was launched last summer. Rad then followed up with two more premium e-bike launches this summer with the $1,999 RadRover 6 Plus and the $1,799 RadCity 5 Plus.

And that pace of innovation looks set to continue. “We’re not going to slow down on product development,” Mike explained. “We’re working on a very substantial multi-year product road map. Don’t think we’re going to slow down product innovation – nothing could be further from the truth.”

Electrek’s Take

Dadgum! That’s some serious funding. Add that $154 million to the $150 million earlier this year and $25 million in 2020, and you’re looking at $325 million in funding in just 20 months. Rad is a privately held company, and so we don’t have a good look at their finances, but it’s not a giant leap to suppose we’re looking at an electric bicycle company worth over a billion dollars.

That highlights two things. one, investors see the massive growth of e-bike sales and can tell that current modal shifts in transportation mean that such is growth is certainly sustainable, and two, Rad Power Bikes’ investors feels bullish enough in Rad to double down on their recent investments. That’s some serious industry confidence in e-bikes in general and in Rad specifically.

I am fascinated to see how the company uses all of this newfound cash to bring us even more e-bikes and accessories as well as an even better customer experience.

Rad’s founder and CEO Mike Radenbaugh is just as much of an e-bike fanatic as we are here at Electrek, probably even more so. It was obvious that he was pained by not being able to give me any more specific details about what they’re working on in Rad’s development center. But from the little I’ve seen behind the curtain and the little more Radenbaugh was allowed by Rad’s hardworking and vigilant marketing team to let slip out, we’re going to see some exciting stuff coming out of Seattle.


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Sherlock star Benedict Cumberbatch’s ‘very odd job’ – acting opposite an enormous bird in The Thing With Feathers

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Sherlock star Benedict Cumberbatch's 'very odd job' - acting opposite an enormous bird in The Thing With Feathers

He’s played Sherlock Holmes, Doctor Strange, and even voiced The Grinch but acting opposite a seven-foot (2.1m) crow may be one of the strangest roles Benedict Cumberbatch has taken on. 

Speaking about his new film, The Thing With Feathers, he admits it’s “a very odd job, there’s no getting away from it”.

If the vision of Cumberbatch wrestling with a giant bird sounds like the sort of amusingly surreal movie you fancy taking a look at next week, it’s important to understand that this is no comedy.

Pic: The Thing With Feathers/Vue Lumiere
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Pic: The Thing With Feathers/Vue Lumiere

Pic: The Thing With Feathers/Vue Lumiere
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Pic: The Thing With Feathers/Vue Lumiere

While the film, based on Max Porter’s eclectic novella Grief Is The Thing With Feathers, the film is at times disturbingly funny, but mostly it is an incredibly emotional take on the heartbreaking way we all process grief.

Cumberbatch plays a man whose wife has died suddenly, leaving him with their two young boys. The story itself is split into three parts – dad, boys and crow.

Crow – voiced by David Thewlis – is a figment of dad’s imagination, a sort of “unhinged Freudian therapist” for him, according to Porter.

Cumberbatch, a father of three, said this certainly wasn’t a role he wanted to think about when he returned to his own family each night.

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“I didn’t take it home, I didn’t talk about it…You have to work fast when you’re a father of three with a busy home life, you know, it’s very immediate the need they have of you, so you don’t go in and talk about your day crying your eyes out on a sofa with a crow punching you in the face.”

Benedict Cumberbatch in The Thing With Feathers. Pic: Vue Lumiere
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Benedict Cumberbatch in The Thing With Feathers. Pic: Vue Lumiere

Since Porter’s award-winning work was first published in 2015 it has built a cult following.

Using text, dialogue and poetry to explore grief from various characters’ perspectives, the author says the subject matter is universal.

“Most of us are deeply eccentric in one way or another, like my father-in-law, apparently a very rational, blokey bloke, who’s like ‘when my mum died, a wren landed on the window and I knew it was my mum’.

“Grief puts us into these states where we are more attuned to the natural world and particularly more attuned to symbols and signs. So, imagining a crow moving in with the family actually makes a lot of sense to people, whereas, weirdly, five steps to getting better or get well soon or a hallmark card or whatever doesn’t make much sense to the people when you’re in that storm of pain.”

Read more from entertainment news:
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While the film sees Cumberbatch portray a firestorm of emotions, he says he feels it’s important to tackle weighty issues on screen.

Benedict Cumberbatch
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Benedict Cumberbatch

Max Porter
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Max Porter

“It is a universal experience, in one way or another you’re ‘gonna lose someone that you love during your life.”

The film, he says, explores grief through a male prism.

“At a time when there’s a lot of very troubling influences on men without female presence in their lives, this thing of scapegoating and seeing the other as a threat, all of that comes into play within the allowance of grief to be a messy, scary, intimidating, chaotic, unruly and out of control place to exist as a man.

“This is a film that just leans into the idea that it’s alright to have feelings, you bury them or hide them at your peril.”

The Thing With Feathers is out in cinemas in the UK and Ireland on 21 November.

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‘I felt really scared and I felt alone’ – Wicked star Jonathan Bailey on growing up gay in school

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'I felt really scared and I felt alone' - Wicked star Jonathan Bailey on growing up gay in school

“I felt scared and I felt alone and I felt entirely limited at various points in my life”, actor Jonathan Bailey says of growing up gay in school.

While promoting Wicked: For Good, the actor donated one of his interview slots to talk about the charity he is a patron of: Just Like Us, which works with LGBT+ youth in schools.

“That’s something that I would have really benefited from when I was young,” he said, talking exclusively to Sky News about his charitable work.

In surveys of thousands of UK pupils, Just Like Us found that LGBT participants aged 11 to 18 were twice as likely to suffer anxiety, depression and to be bullied, and that only half felt safe at school on a daily basis.

“I experienced all of that,” he said. “It became clear quite early on that something that was very specific and clear to me about who I was, it wasn’t safe and it wasn’t celebrated.”

Whether as Lord Anthony in Bridgerton, being crowned sexiest man alive and as the Winkie Prince Fiyero in Wicked: For Good, Bailey has broken through an outdated stereotype.

Historically, it was considered a career risk to be out – a heterosexual romantic lead’s career was at risk if his sexuality was public.

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For the Winkie prince actor, education can play a role in defying limitations.

While promoting Wicked: For Good, Bailey talked about a charity that works with LGBT+ youth in schools.. File pic: Just Like Us
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While promoting Wicked: For Good, Bailey talked about a charity that works with LGBT+ youth in schools.. File pic: Just Like Us

“This is beyond sexuality,” he said, “it’s race, it’s class, it is where you’re from, we are all given limiting narratives that we have to break free of.

“I thought not only was I not going to be able to play these sorts of parts because of my sexuality, but that I wouldn’t be able to do Shakespeare because I didn’t go to drama school.

“They’re the sort of stories that we need to be reminded of is that actually standing up and being safe enough to be able to say who you really are, and to be vulnerable at that age… these formative years, is inspiring to everyone in the classroom.”

But classrooms in the UK are facing tightening budgets due to “spiralling costs” that threaten to outstrip the growth in school funding.

Citing budget and time pressures on teachers, Just Like Us has made its talks free in schools. Does the actor think the government should be doing more?

He said: “I’m a very proud brother of an incredible teacher who works in the state system, and I know how much she cares about her school, her pupils.

“The resources are being crunched, and the problem is that it will be the arts and it will be really important conversations that Just Like Us bring into the schools and these… things that are going to go, and that’s just really sad.

“But I’m not the person to come up with solutions other than I can do my bit.”

Bailey, Cynthia Erivo and Bowen Yang are among Wicked’s LGBT cast, and in Wicked: For Good, openly gay actor Colman Domingo joins them as the voice of the Cowardly Lion.

But not everyone is encouraging the onscreen representation: A “warning” by conservative group One Million Moms said that the Jon M Chu-directed films are “normalising the LGBTQ lifestyle” to children and takes aim at the cast.

The alert urges people to boycott the sequel “even if you have seen Wicked: Part One”.

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When asked about the pushback, Bailey is resolute: “I don’t even acknowledge… the thing that’s important to me is how do I chat to little Johnny in all this.

“I’m thrilled to be living in a time where I can play the Winkie Prince and where Just Like Us is doing the extraordinary work that they’re doing.”

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Donald Trump confirms he will sue the BBC over Panorama edit – despite broadcaster’s apology

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Donald Trump confirms he will sue the BBC over Panorama edit - despite broadcaster's apology

Donald Trump has said he will sue the BBC for between $1bn and $5bn over the editing of his speech on Panorama.

The US president confirmed he would be taking legal action against the broadcaster while on Air Force One overnight on Saturday.

“We’ll sue them. We’ll sue them for anywhere between a billion (£792m) and five billion dollars (£3.79bn), probably sometime next week,” he told reporters.

“We have to do it, they’ve even admitted that they cheated. Not that they couldn’t have not done that. They cheated. They changed the words coming out of my mouth.”

Mr Trump then told reporters he would discuss the matter with Prime Minister Sir Keir Starmer over the weekend, and claimed “the people of the UK are very angry about what happened… because it shows the BBC is fake news”.

The Daily Telegraph reported earlier this month that an internal memo raised concerns about the BBC’s editing of a speech made by Mr Trump on 6 January 2021, just before a mob rioted at the US Capitol building, on the news programme.

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BBC crisis: How did it happen?

The concerns regard clips spliced together from sections of the president’s speech to make it appear he told supporters he was going to walk to the US Capitol with them to “fight like hell” in the documentary Trump: A Second Chance?, which was broadcast by the BBC the week before last year’s US election.

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Following a backlash, both BBC director-general Tim Davie and BBC News chief executive Deborah Turness resigned from their roles.

‘No basis for defamation claim’

On Thursday, the broadcaster officially apologised to the president and added that it was an “error of judgement” and the programme will “not be broadcast again in this form on any BBC platforms”.

A spokesperson said that “the BBC sincerely regrets the manner in which the video clip was edited,” but they also added that “we strongly disagree there is a basis for a defamation claim”.

Earlier this week, Mr Trump’s lawyers threatened to sue the BBC for $1bn unless it apologised, retracted the clip, and compensated him.

The US president said he would sue the broadcaster for between $1bn and $5bn. File pic: PA
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The US president said he would sue the broadcaster for between $1bn and $5bn. File pic: PA

Legal challenges

But legal experts have said that Mr Trump would face challenges taking the case to court in the UK or the US.

The deadline to bring the case to UK courts, where defamation damages rarely exceed £100,000 ($132,000), has already expired because the documentary aired in October 2024, which is more than one year.

Also because the documentary was not shown in the US, it would be hard to show that Americans thought less of the president because of a programme they could not watch.

Read more from Sky News:
Key findings in 20,000 pages of documents in the Epstein files

Banksy art theft lands burglar with 13-month prison sentence

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Sky’s Katie Spencer on what BBC bosses told staff on call over Trump row

Newsnight allegations

The BBC has said it was looking into fresh allegations, published in The Telegraph, that its Newsnight show also selectively edited footage of the same speech in a report broadcast in June 2022.

A BBC spokesperson said: “The BBC holds itself to the highest editorial standards. This matter has been brought to our attention and we are now looking into it.”

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