Citi Impact Fund helped supply $60m to help smart scooter provider Superpedestrian hike its overall funding to about $140m.
US-based micromobility technology developer Superpedestrian raised $60m from investors including financial services firm Citi’s $150m Impact Fund, equity crowdfunding platform OurCrowd and private equity firm Winthrop Square Capital yesterday.
Spun off by Massachusetts Institute of Technology, Superpedestrian has created an electric scooter called Link which is fitted with artificial intelligence software-based collision detection technology and tools that monitor a vehicle’s health.
The company emerged from stealth in 2013 with $2.1m from Spark Capital and angel investor David Karp, adding $4.1m…
