Superpedestrian Raises $60M To Expand Smart Scooter Fleet

Israeli-founded smart scooter company Superpedestrian announced this week it has raised $60 million to fuel the growth of its scooter fleet equipped with a unique intelligence system and an active safety system.

Investors in the firm include the Citi Impact Fund, Jerusalem-based crowdfunding platform OurCrowd, and private equity firm Winthrop Square Capital, and others.

Superpedestrian is a transportation robotics company based in Cambridge, Massachusetts founded by Israeli-born entrepreneur Assaf Biderman. It develops micromobility technologies for small-scale electric vehicles. Spun out of MIT, the company invested eight years and $75 million to patent more than 30 electric vehicle technologies that have resulted in the only e-scooter with intelligence on board, giving LINK fleet scooters an advantage in safety and reliability.

“While other companies treated cities as test labs, we invested years in the technology behind LINK before we applied for a single city permit. Now, leading investors like Citi and major cities around the world are seeing what we can do, and are choosing LINK. We are showing what it means to provide a truly safe and inclusive service as we bring new transportation options to neighborhoods in need,” said Biderman.

“Superpedestrian’s dramatic technology lead in the scooter market is translating into business leadership. Because the platform is safer and smarter, LINK has better unit economics than any competitor,” added OurCrowd CEO Jon Medved.