Specialized launches 28 MPH Globe Haul LT electric cargo bike with throttle
Specialized’s dedicated value-oriented utility bike brand Globe has just launched its second model, a fast and powerful long tail cargo e-bike known as the Globe Haul LT.
The Globe Haul LT is the second model in the Haul line after the Haul ST, a short tail cargo bike that fits into a similar class as the RadRunner from Rad Power Bikes.
To continue with the comparison, the Globe Haul LT is Specialized’s answer to the RadWagon, offering a longer cargo e-bike for heavier duty cargo jobs.
The Globe line was developed by Specialized to provide a more budget friendly line of e-bikes that eschewed some of the fancier Specialized bells and whistles in order to offer a more palatable price tag. Riders still get the confidence of a Specialized e-bike (and the bike shop support that comes with it), but can enjoy the direct to consumer model that bargain shoppers more often seek.
While most Specialized bikes are pedal-assist-only affairs, the Globe Haul line is compatible with a hand throttle (sold as an add-on accessory) that allows riders to reach 20 mph (32 km/h) without the need to pedal. Without the throttle, riders can reach that same 20 mph (32 km/h) on pedal assist, or Class 3 operation can enable reaching an ever higher speed of 28 mph (45 km/h).
Speaking of that pedal assist, an included torque sensor makes the pedaling much more comfortable and natural feeling than e-bikes with only a cadence sensor.
The bike rolls on 20″ x 3.5″ tires which are a nice compromise between balloon tires and fat tires. Specialized will probably tell you to use 3.5″ inner tubes, but commonly available 4″ tubes are likely going to fit just fine, too.
In the center of that rear wheel you’ll find the 700W hub motor. It gets powered by a UL-listed 772 Wh battery that boasts a maximum range of 60 miles (96 km). Anyone who plugs in the throttle accessory will certainly find that the range drops without any extra pedaling help, but that’s still a large battery to offer better than average range.
The bike is rated for up to 441 pounds total (200 kg) of gross vehicle weight, with a rear rack load capacity of 176 pounds (80 kg). The rear rack is also MIK compatible, meaning it will work with all of those fun MIK accessories such as various bags, baskets, crates and more. With that much cargo capacity, it’s good to see that the bike uses 4-piston Tektro hydraulic brakes on 203 mm rotors.
The frame carries a lifetime warranty and the electric system gets a two-year warranty. As mentioned above, the wide network of Specialized service locations is available to Globe riders, too.
Priced at US $3,500, the Globe Haul LT splits the difference between budget-minded cargo e-bikes and the high end models that cost over twice this much.
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The Stripe logo on a smartphone with U.S. dollar banknotes in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.
The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.
A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.
McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”
“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.
In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.
Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.
In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies.
Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.
WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal
Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.
Rivian R1S and R1T upgrade deal offers up to $6,000
Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.
After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.
Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.
With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.
Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:
- Tri with Max battery: $6,000 USD / CAD 8,600
- Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
- Dual with Max battery: $3,000 USD / CAD 4,300
The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.
After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”
Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.
The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.
Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.
Electrek’s Take
Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.
Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.
Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.
Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.
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