Lectric eBikes sold 30,000 bikes last month and launched three new brands, all without venture capital, as Rad Power and VanMoof collapsed after raising hundreds of millions.

Lectric, which says the U.S. market is ripe for competition and choice, has launched three new brands in the past six months.

Lectric eBikes sold 30,000 bikes last month and launched three new brands, all without venture capital, as Rad Power and VanMoof collapsed after raising hundreds of millions.