--- title: Lectric thrives as VC-backed e-bike rivals go bankrupt description: Lectric eBikes, a bootstrapped e-bike company from Phoenix, just recorded its biggest sales month ever with nearly 30,000 bikes sold, while VC-backed rivals... canonical: https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Lectric thrives as VC-backed e-bike rivals go bankrupt | daily.dev og:description: Lectric eBikes, a bootstrapped e-bike company from Phoenix, just recorded its biggest sales month ever with nearly 30,000 bikes sold, while VC-backed rivals... og:url: https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz og:image: https://api.daily.dev/og/posts/yzxF1fjNz.png og:image:alt: Lectric thrives as VC-backed e-bike rivals go bankrupt og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Lectric thrives as VC-backed e-bike rivals go bankrupt **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Lectric eBikes, a bootstrapped e-bike company from Phoenix, just recorded its biggest sales month ever with nearly 30,000 bikes sold, while VC-backed rivals like VanMoof and Rad Power Bikes collapsed after raising hundreds of millions. CEO Levi Conlow attributes the success to staying profitable, avoiding venture capital, and expanding deliberately — launching three new brands (Juiced Bikes, Juiced Powersports, and Monarc) with $10 million invested and separate teams for each. Rad Power's implosion — from a $1.65B valuation to a $13.2M fire sale — illustrates the dangers of pandemic-fueled over-scaling. Lectric's playbook: bootstrap, stay lean, let over-funded competitors fail, then expand into the vacuum. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Rivian spinout Also raises $150m, and the e-bike is just the wedge](https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb) · The Next Web · 0 upvotes · 0 comments - [Life EV officially owns Rad Power Bikes now](https://daily.dev/posts/life-ev-officially-owns-rad-power-bikes-now-licp9ociw) · TechCrunch · 0 upvotes · 0 comments - [India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand](https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup) [View this post on daily.dev](https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Lectric thrives as VC-backed e-bike rivals go bankrupt","url":"https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz"},"datePublished":"2026-06-06T10:06:23.080Z","dateModified":"2026-06-06T10:06:42.561Z","description":"Lectric eBikes, a bootstrapped e-bike company from Phoenix, just recorded its biggest sales month ever with nearly 30,000 bikes sold, while VC-backed rivals...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/e4b390dce1a61dd437b4d8e0a35700c0?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/e4b390dce1a61dd437b4d8e0a35700c0?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Lectric thrives as VC-backed e-bike rivals go bankrupt"}]} ```