Onewheel

Onewheel

Designs and manufactures electric skateboards

About

Onewheel designs and manufactures electric skateboards that provide an exciting way to travel for urban commuters and tech-savvy consumers. Their product lineup includes models like the Onewheel GT, Pint X, and Pint, each offering different ranges and speeds to suit various rider preferences. The boards work by using a single large wheel that allows for smooth riding over various terrains, making commutes and errands more enjoyable. Unlike many competitors, Onewheel focuses on a direct-to-consumer sales model through their website and authorized dealers, which helps them maintain a closer relationship with their customers. Their goal is to make personal transportation not only efficient but also fun, while offering flexible financing options to make their products accessible to a wider audience.

Company Stage

Series A

Employees

51-200

Industries

Automotive & Transportation, Consumer Goods

Total Funding

$3.7M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Onewheel's innovative products and strong community support have established it as a leader in the electric personal transportation market.
  • The launch of new models like the Onewheel GT S-Series Rally Edition and the OnewheelBarrow demonstrates the company's commitment to continuous innovation and market expansion.
  • Celebrating its tenth anniversary with special promotions and a documentary film highlights Onewheel's sustained success and brand loyalty.

What critics are saying

  • The global recall of Onewheel skateboards due to safety concerns poses a significant threat to the company's reputation and financial stability.
  • The competitive landscape of the electric personal transportation market requires Onewheel to continuously innovate to maintain its market position.

What makes Onewheel unique

  • Onewheel's unique single-wheel design and self-balancing technology set it apart from traditional electric skateboards and other personal transportation devices.
  • The company's focus on high-performance and off-road capabilities, as seen in the Onewheel GT S-Series Rally Edition, appeals to adventure-seeking consumers.
  • Onewheel's direct-to-consumer sales model and flexible financing options make their products more accessible compared to competitors who rely on traditional retail channels.

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Growth & Insights
Headcount

6 month growth

4%

1 year growth

-4%

2 year growth

11%

Benefits

Medical, dental & vision

Ample time off

401k savings account

Casual work environment

Loaner boards & discounts

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