Final yr, Kona Bikes abruptly ceased operations in the course of organising for Sea Otter. This yr, it seems that Revel Bikes could also be closing simply after Sea Otter, and simply after launching three new bikes.
Based on an e mail that was despatched out to sellers as reported by BRAIN, the Radavist, and MTBR, Revel Bikes “because it presently stands” is closing. The e-mail cites the model shedding its monetary security web, and management has been given to a financial institution and the corporate is in an “orderly wind down.”
Thus far, another indication of the model closing could be very restricted, with solely Linkedin posts by Product Supervisor Matt Boughton and Director of Finance Ola Verploegh seemingly confirming the information.
The Revel web site can also be displaying host errors when attempting to entry options just like the supplier locator.
We’ve reached out to all of our contacts at Revel to attempt to acquire extra info, and we’ll replace this put up if we hear again. For now, we’ll be right here mourning the lack of yet one more superior bike firm.
