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The RadRunner 3 Plus is an electric utility/cargo bike that deserves a serious second look because of its unique place in the market, straddling the line between value-oriented and premium-focused. It comes from Rad Power Bikes, one of the leading budget-minded e-bike brands in the US, yet is part of the company’s push toward the more premium segment of the market.

When Rad Power Bikes first unveiled the “Plus” line, it consisted only of the original RadRunner Plus. That was followed by launches for Plus versions of the RadRover and RadCity, adding higher-end parts like hydraulic disc brakes, higher torque motors for better hill climbing, and more sophisticated displays on the handlebars, among other upgrades.

Now, the RadRunner 3 Plus brings a whole new push toward premium from the company, showing that Rad doesn’t just want to be seen as a low-cost e-bike maker. Instead, it wants to compete with the higher-priced players in the market.

But can the RadRunner 3 Plus hang with the big boys and command a higher price? That’s exactly what I set out to discover. Check it out in my video review below, or keep reading for more details afterward.

RadRunner 3 Plus video review

RadRunner 3 Plus tech specs

  • Motor: 750W rear-geared hub motor
  • Top speed: 32 km/h (20 mph)
  • Range: 45-72 km (25-45 mi) depending on user input
  • Battery: 48V 14Ah (672 Wh)
  • Charge time: 6 hours
  • Weight: 34.2 kg (75.5 lb)
  • Max load: 159 kg (350 lb)
  • Brakes: Tektro hydraulic disc brakes on 180 mm rotors
  • Extras: Side kickstand, dual LED displays, integrated head/tail/brake LED lights, bell, half-twist throttle, mounting for the huge collection of front and rear racks/accessories

What more does it give us?

The RadRunner 3 Plus was unveiled with several new features compared to the previous version, adding parts like dual LED displays, hydraulic disc brakes, a slicker-looking semi-integrated battery, improved suspension, more comfortable seat design, and more.

But it also came with a surprisingly high price. It was quickly dropped to its current price of US $2,299 from a debut at US $2,499, but that still makes it the priciest RadRunner ever.

However, coming from someone who has ridden every version of the RadRunner, I can tell you it’s the best one yet.

The bike rides beautifully thanks to its design and geometry, giving me a comfortably relaxed ride stance that lets me rest my feet on the ground at stops while still having good pedaling form. The newly updated seat is also a major improvement, though the old RadRunner seat from the early days never bothered me as much as I heard from others.

The power is there, though I always feel like I want more when I hit that 20 mph (32 km/h) wall. I know Rad Power Bikes is content with Class 2 e-bikes, but I often find myself pining for a little Class 3 extra speed on long straightaways. That goes double when I’m on the side of a higher-speed road, keeping up with faster car traffic.

The utility design of the bike is also top-notch. As a step-through, it’s easy to mount, even when loaded up with cargo on the rear rack. There are so many RadRunner copies and clones these days that it can be hard to remember that this is the bike that started it all. And Rad hasn’t lost sight of that, ensuring the most recent edition stays true to that RadRunner DNA that makes it a potent little cargo hauler. It feels like a stubby cargo bike because that’s what it is.

You really begin to appreciate this bike’s potential when you add accessories. Keep in mind Rad’s accessories don’t come cheap, but they add even more utility here.

One of my favorites has always been the Passenger Package since it turns this into a two-passenger e-bike. I can easily treat it like my motorbikes or scooters, taking my wife along for a ride. A two-person e-bike is a handy transportation tool, solving the one-person-per-bike dilemma that has long plagued two-wheelers.

radrunner 3 plus

Then there’s the cargo options, and this is where the bike really shines. I was most impressed by the hard cases, which are lockable and sturdy. I’m not kidding – I’ve got an electric motorcycle that has locking hard cases that feel flimsy next to Rad’s bike hard cases. These are solid, waterproof cases with sealing gaskets to keep rain out. They are so well constructed that if you hit something while riding, you’d better check that thing first. These boxes aren’t going anywhere.

The only downside is they all seem to have different keys, and if you go with the two side cases, the rear rack case and the center console, you’ll have four different cargo keys to deal with. I know keying them alike would be tricky since some people will only order a few cases and the whole set, but if there were an option for a quadfecta of keyed-alike boxes, I’d jump for it in a heartbeat.

As nice as the bike and its accessory line is, not everything is perfect. One thing I wish this version of the RadRunner Plus hadn’t lost was the center kickstand. There’s a new side stand, which works fine, but I liked the center Y-kickstand for its stable parking option, especially when loaded with lots of cargo.

Then there’s the price. At $2,299, this is a tougher sell today than it would have been in the past. It’s a great bike, but many bikes on the market now have good utility designs, hydraulic brakes, 750W motors, big batteries, and nice accessories – and many of them cost significantly less.

They aren’t as nice as the RadRunner 3 Plus, I can attest to that. But saving nearly a grand will be worth cutting a few corners for many people.

So, in my opinion, if you have the extra cash to spend, you’re going to get an amazing quality utility bike with the RadRunner 3 Plus. It’s just hard for me to call it the same bang-for-your-buck as it once was a few years ago, even in the non-Plus version. You can, of course, still get the RadRunner 2, which is the current “non-Plus” version, and it’s only $1,299 at its current sale price. It doesn’t get you many of the nicer parts of the RadRunner 3 Plus, but it’s a hell of a deal. For the RadRunner 3 Plus here, I still say Rad did a great job on it – I just wish it was a few hundred bucks cheaper so I could give it a more forceful recommendation based on value and not just on quality. As it stands, it’s a great bike, but a pricey one.

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Why merger mania is coming to the fore in the mining industry

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Why merger mania is coming to the fore in the mining industry

The Rio Tinto Group logo atop Central Park tower, which houses the company’s offices, in Perth, Australia, on Friday, Jan. 17, 2025.

Bloomberg | Bloomberg | Getty Images

The mining sector appears poised for a frantic year of dealmaking, following market speculation over a potential tie-up between industry giants Rio Tinto and Glencore.

It comes after Bloomberg News reported Thursday that British-Australian multinational Rio Tinto and Switzerland-based Glencore were in early-stage merger talks, although it was not clear whether the discussions were still live.

Separately, Reuters reported Friday that Glencore approached Rio Tinto late last year about the possibility of combining their businesses, citing a source familiar with the matter. The talks, which were said to be brief, were thought to be no longer active, the news agency reported.

Rio Tinto and Glencore both declined to comment when contacted by CNBC.

A prospective merger between Rio Tinto, the world’s second-largest miner, and Glencore, one of world’s largest coal companies, would rank as the mining industry’s largest-ever deal.

Combined, the two firms would have a market value of approximately $150 billion, leapfrogging longstanding industry leader BHP, which is worth about $127 billion.

Analysts were broadly skeptical about the merits of a Rio Tinto-Glencore merger, pointing to limited synergies, Rio Tinto’s complex dual structure and strategic divergences over coal and corporate culture as factors that pose a challenge for concluding a deal.

“I think everyone’s a bit surprised,” Maxime Kogge, equity analyst at Oddo BHF, told CNBC via telephone.

“Honestly, they have limited overlapping assets. It’s only copper where there is really some synergies and opportunity to add assets to make a bigger group,” Kogge said.

Global mining giants have been mulling the benefits of mega-mergers to shore up their position in the energy transition, particularly with demand for metals such as copper expected to skyrocket over the coming years.

A highly conductive metal, copper is projected to face shortages due to its use in powering electric vehicles, wind turbines, solar panels and energy storage systems, among other applications.

Oddo BHF’s Kogge said it is currently “really tricky” for large mining firms to bring new projects online, citing Rio Tinto’s long-delayed and controversial Resolution copper mine in the U.S. as one example.

“It’s a very promising copper project, it could be one of the largest in the world, but it is fraught with issues and somehow acquiring another company is a way to really accelerate the expansion into copper,” Kogge said.

“For me, a deal is not so attractive,” he added. “It goes against what all these groups have previously tried to do.”

What's behind the looming copper shortage

Last year, BHP made a $49 billion bid for smaller rival Anglo American, a proposal which ultimately failed due to issues with the deal’s structure.

Some analysts, including those at JPMorgan, expect another unsolicited offer for Anglo American to materialize in 2025.

M&A parlor games

The company logo adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. – The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to 6.46 billion US dollars in the six months to December 31. (Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)

William West | Afp | Getty Images

Analysts led by Ben Davis at RBC Capital Markets said it remains unclear whether talks between Rio Tinto and Glencore could result in a simple merger or require the breakup of certain parts of each company instead.

Regardless, they said the M&A parlor games that arose following merger talks between BHP and Anglo American will undoubtedly “start up again in earnest.”

“Despite Glencore once approaching Rio Tinto’s key shareholder Chinalco in July 2014 for a potential merger, it still comes as a surprise,” analysts at RBC Capital Markets said in a research note published Thursday.

BHP’s move to acquire Anglo American may have catalyzed talks between Rio Tinto and Glencore, the analysts said, with the former potentially looking to gain more copper exposure and the latter seeking an exit strategy for its large shareholders.

“We would not expect a straight merger to happen as we believe Rio shareholders would see it as favouring Glencore, but [it’s] possible there is a deal structure out there that could keep both sets of shareholders and management happy,” they added.

Copper, coal and culture

Analysts led by Wen Li at CreditSights said speculation over a Rio Tinto-Glencore merger raises questions about strategic alignment and corporate culture.

“Strategically, Rio Tinto might be interested in Glencore’s copper assets, aligning with its focus on sustainable, future-facing metals. Additionally, Glencore’s marketing business could offer synergies and expand Rio Tinto’s reach,” analysts at CreditSights said in a research note published Friday.

“However, Rio Tinto’s lack of interest in coal assets, due to recent divestments, suggests any merger would need careful structuring to avoid unwanted asset overlaps,” they added.

A mining truck carries a full load of coal at Glencore Plc operated Tweefontein coal mine on October 16, 2024 in Tweefontein, Mpumalanga Province, South Africa.

Per-anders Pettersson | Getty Images News | Getty Images

From a cultural perspective, analysts at CreditSights said Rio Tinto was known for its conservative approach and focus on stability, whereas Glencore had garnered a reputation for “constantly pushing the envelope in its operations.”

“This cultural divide might pose challenges in integration and decision-making if a merger were to proceed,” analysts at CreditSights said.

“If this materializes, it could have broader implications for mega deals in the metals [and] mining space, potentially putting BHP/Anglo American back in play,” they added.

— CNBC’s Ganesh Rao contributed to this report.

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Go West, young brand – GreenPower Motor Company sells 11 more BEAST buses

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Go West, young brand – GreenPower Motor Company sells 11 more BEAST buses

GreenPower Motor Company says it’s received three orders for 11 of its BEAST electric Type D school buses for western state school districts in Arizona, California, and Oregon.

GreenPower hasn’t made the sort of headline-grabbing promises or big-money commitments that companies like Nikola and Lion Electric have, but while those companies are floundering GPM seems to be plugging away, taking orders where it can and actually delivering buses to schools. Late last year, the company scored 11 more orders for its flagship BEAST electric school bus.

As far as these latest orders go, the breakdown is:

  • seven to Los Banos Unified School District in Los Banos, California
  • two for the Hood River County School District in Hood River, Oregon
  • two for the Casa Grande Elementary School District in Casa Grande, Arizona

Those two BEAST electric school buses for Arizona will join another 90-passenger BEAST that was delivered to Phoenix Elementary School District #1, which operates 15 schools in the center of Phoenix, late last year.

“As school districts continue to make the change from NOx emitting diesel school buses to a cleaner, healthier means of transporting students, school district transportation departments are pursuing the gold standard of the industry – the GreenPower all-electric, purpose-built (BEAST) school buses,” said Paul Start, GreenPower’s Vice President of Sales, School Bus Group. “(The) GreenPower school bus order pipeline and production schedule are both at record levels with sales projections for (2025) set to eclipse the 2024 calendar year.”

GreenPower moved into an 80,000-square-foot production facility in South Charleston, West Virigina in August 2022, and delivered its first buses to that state the following year.

Electrek’s Take

GreenPower electric school buses
BEAST and NanoBEAST; via GreenPower Motor Company.

Since the first horseless carriage companies started operating 100 years ago (give or take), at least 1,900 different companies have been formed in the US, producing over 3,000 brands of American automobiles. By the mid 1980s, that had distilled down to “the big 3.”

All of which is to say: don’t let the recent round of bankruptcies fool you – startups in the car and truck industry is business as usual, but some of these companies will stick around. If you’re wondering which ones, look to the ones that are making units, not promises.

SOURCE | IMAGES: GreenPower Motors.

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Harbinger electric truck brand gets real with $100M Series B funding raise

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Harbinger electric truck brand gets real with 0M Series B funding raise

While some recent high-profile bankruptcies have cast doubt on the EV startup space recently, medium-duty electric truck maker Harbinger got a shot of credibility this week with a massive $100 million Series B funding round co-led by Capricorn’s Technology Impact Fund.

It’s been a rough couple of weeks for fledgling EV brands like Lion Electric and Canoo, but box van builder Harbinger is bucking the trend, fueling its latest funding round with an order book of 4,690 vehicles that’s valued at nearly $500 million. Some of the company’s more notable customers including Bimbo Bakeries (which owns brands like Sara Lee, Thomas’, and Entenmann’s) and THOR Industries (Airstream, Jayco, Thor), which is also one of the investors in the Series B.

Other prominent investors include Tiger Global, the Coca-Cola System Sustainability Fund, and ArcTern Ventures.

As for what makes Harbinger such an attractive investment prospect, Dipender Saluja, Managing Partner of Capricorn Investment Group’s Technology Impact Fund explains that, “Harbinger has demonstrated a remarkable ability to reach significant milestones far quicker than other EV companies … the market has been impressed by their ability to develop large portions of the vehicle in-house to drive down unit costs, while remaining capital efficient.”

The company plans to use the funds to ramp up to higher-volume production capacity and deliver on existing orders, as well as build-out of the company’s sales, customer support, and service operations.

“Harbinger is entering a rapid growth phase where we are focused on scaling production of our customer-ready platform,” said John Harris, co-founder and CEO. “These funds catalyze significant revenue generation. We’ve developed a vehicle for a segment that is ripe for electrification, and there is a strong product/market fit that will help fuel our upward trajectory through 2025 and beyond.”

The company has raised $200 million since its inception in 2021.

SOURCE | IMAGES: Harbinger.

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