Superpedestrian designs, engineers, and operates advanced e-scooters for shared urban mobility in cities across North America and Europe. Its LINK scooter includes a Pedestrian Defense system that enforces riding rules and safety by slowing or stopping in restricted areas, with city maps and geofence data stored onboard to enable quick responses. Riders use a mobile app to locate, unlock, and pay for trips, delivering a simple end-to-end rental experience. The company differentiates itself through safety-centric, on-scooter enforcement and partnerships with over 40 cities to offer predictable, city-friendly rides. Its goal is to make urban mobility safer and more convenient for people of all ages and abilities.
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Industries
Company Size
51-200
Company Stage
Acquired
Total Funding
$263.7M
Headquarters
Cambridge, MA
Founded
2013
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Total Funding
$263.7M
Above
Industry Average
Funded Over
10 Rounds
The firm Superpedestrian had been partnering with Nottingham City Council on its e-scooter trial until it went into liquidation in December 2023, with a process having been ongoing since then to find a new partner.
Norwegian startup Surf Beyond picks up bankrupt US competitor Superpedestrian's assets in Europe, including 25k scooters, for about €5m.
Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy.Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2).The company was in the midst of a funding round when an investor’s withdrawal pushed it over the edge, according to the report. While it remains unclear if Cake filed for bankruptcy protection or insolvency, Ytterborn expressed his determination to find a solution.Cake gained recognition for its high-design bikes and raised $14 million in a Series A funding round in 2019, the report said. This was followed by a $60 million Series B round in 2021, which aimed to support the company’s manufacturing facilities and retail expansion plans in Europe, North America and Asia.However, Cake has faced challenges in recent months, per the report. In November, it issued a recall for one of its mopeds due to a steering column defect. Shortly after, its flagship Kalk eMotorcycle was recalled after a unit caught fire in a South Korean dealership
A spokesperson for Derby City Council told the Local Democracy Reporting Service: "We have been informed that Superpedestrian has closed its UK operations, which includes its trial e-scooter subscription scheme in Derby.
Superpedestrian's dissolution came just days before Bird - the industry leader in shared e-scooters - announced it was filing for Chapter 11 bankruptcy.
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Industries
Company Size
51-200
Company Stage
Acquired
Total Funding
$263.7M
Headquarters
Cambridge, MA
Founded
2013
Find jobs on Simplify and start your career today
We update Superpedestrian's jobs every few hours, so check again soon!Browse all jobs