Superpedestrian scooter maker raises $ 20 million, promises fewer breakdowns

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Scooter technology firm, founder of Superpedestrian, and CEO of Assaf Biderman, a new scooter of the company born in MIT lab and using software to detect failures remotely, shows in San Francisco, California, November 14, 2019. REUTERS / Jane Lanhee Lee

SAN FRANCISCO (Reuters) – The company said Superpedestrian electric scooter on Wednesday that it raised $ 20 million of its diagnostic software which can find upcoming hardware failure, a major problem for scooter operators.

Electric scooters are popular in many cities, but vehicles tend to break down in recent months, with rising costs for newcomers. Other companies are trying to improve hardware, including the Bird network scooter operator, said earlier this year that he began to design his own scooters sharper.

Assaf Biderman, founder and Superpedestrian CEO, said that 150 scooters had been found in Washington, D.C., 73% reduction in operating costs. The diagnostic software was able to prevent some outbreaks, such as overheating batteries, and also cut labor costs by focusing on fixing the required items.

Biderman, who is an Associate Director of the MIT laboratory to improve cities with technology, Senseable City Lab, said that the technology patented in 2014 can detect it when brakes or batteries fail or are about to collapse and fail. they will alert the operator.

The $ 600 scooter, which depends on the size of the order, can survive 2,500 trips.

Biderman's comments are Superpedestrian as a software company rather than a hardware manufacturer and said he would consider licensing his technology to other businesses.

Spark Capital led the latest funding round, which was a seed investor in Superpedestrian, and a General Catalyst. To date the company has raised a total of $ 64 million. Superpedestrian did not reveal the valuation for the capital rise.

Reporting by Jane Lanhee Lee; edited by Richard Pullin

Our Standards:The principles of Thomson Reuters Trust.

(tagsToTranslate) US (t) SCOOTERS (t) PRESIDENTS (t) Technology (TRBC) (t) Transport / Transport Markets (t) (TRBC) Transport (TRBC) (t) Private Equity Funds

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