Superpedestrian, a Boston, MA-based transportation robotics company and provider of the LINK e-scooter, closed $125m debt and equity capital round.
Backers included Jefferies, Antara Capital, the Sony Innovation Fund by IGV* and FM Capital and existing investors Spark Capital, General Catalyst and Citi via the Citi Impact Fund.
The company intends to use the funds to expand the LINK shared e-scooter service, boost its advanced R&D programs, and deploy scooters with its new Pedestrian Defense safety system in the first 25 cities across the US and Europe during 2022.
Led by Assaf Biderman, founder and CEO, Superpedestrian is a transportation robotics company developing core technologies for micromobility. Spun out of MIT in 2013, the company holds 40 patents in artificial intelligence and electrified vehicle technologies. It launched its shared mobility division in 2020 with its proprietary shared e-scooter, LINK, with which the company is now serving more than 55 cities across 10 countries. The active safety products include VI (Vehicle Intelligence), which runs 1,000 health checks every second to ensure scooters are always safe to ride, and Pedestrian Defense, a technology solution to stop sidewalk riding in real-time. Superpedestrian’s control center and test labs are located in Cambridge, Massachusetts (alongside MIT and Harvard University), where they develop and test vehicles and monitor live data from global services.