Washington Patent of the Month – June 2022
Rad Power Bikes, Inc. is North America’s largest ebike maker. The company started out when Mike Radenbaugh, the CEO and Founder, decided he needed to make his 15-mile ride to school easier. He tinkered around with his bike, soldering electronic parts together in an effort to ease his bike ride. Little did he know, this would be the beginning of 15 years of innovation. Now, Rad Power Bikes is laser-focused on redefining transportation at large.
Recently, the company patented their newly designed frame for an ebike with cargo holding. Cargo bicycles are popular vehicles for those who need to transport children or goods. With the growth of bike-based food delivery drivers, and the need for eco-friendly transportation, cargo bikes are seeing a rise in popularity.
The frame designed by Rad Power Bikes is adaptable and able to withstand heavy and varied loads while remaining fairly lightweight. The frame allows for both long-tail cargo and moped-style utility bikes. The elongated frame and lower center of gravity ensure the bike remains stable even when taking advantage of the full payload capacity. This is achieved using cross members which connect the rear rack to a head tube and then to a seat tube. The multiple connection points mitigate any side to side movement and stabilize the bike during motion.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
