Superpedestrian To Auction 20K E-Scooters After Winding Up Operations menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
More than 20,000 electric scooters belonging to Superpedestrian will be auctioned off later this month, along with other equipment from the startup's U.S. operations, after closing its doors December 31. Two "global online auction" listings have appeared on the website of Silicon Valley Disposition, an online market for "surplus assets," which will feature scooters and other paraphernalia from cities Superpedestrian operated in, like Seattle, Los Angeles, and New York City. Superpedestrian initially got into the shared scooter business which it called Link in 2020 when it acquired "substantially all" of the assets of Boston-based Zagster, part of a wave of consolidation during the COVID-19 pandemic.
Electric scooter company Superpedestrian has shut down operations and will put more than 20,000 e-scooters on auction later this month, along with other equipment.The startup told employees last month that it was shutting down US operations at .
The pain resulted from the Federal Reserve’s interest rate hikes, slowing consumer spending online, and the realization that too much money went to startups with shaky business plans over the past few years.
MANHATTAN (KSNT) – The LINK/Superpedestrian e-scooter service in Manhattan will stop its services after the company announced it would no longer be operating in the U.S. The City of Manhattan announced the termination of services effective Dec. 31 on Facebook. The service provided 412,408 trips since Aug. 2020, according to the city. “The City also […]