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Backers included the Citi Impact Fund, OurCrowd, Winthrop Square Capital, and others. The company intends to use the funds to accelerate expansion of its LINK scooter fleet equipped with On-Board Intelligence and an active safety system. Spun out of MIT and led by founder and CEO Assaf Biderman, Superpedestrian invested 8 years and $75m to patent more than 30 electric vehicle technologies that have resulted in an e-scooter with On-Board Intelligence capable of autonomous maintenance and safety-verification before every ride. Each vehicle has five computers that act as an “A.I. Mechanic” monitoring every component thousands of times per second, instantly self-repairing the electronic systems. From the outside, the LINK scooter looks like any other scooter, just more rugged, but inside it packs game changing technology that protects the rider and the vehicle itself, in real-time. Link has thousands of vehicles on the road across 12 cities, from Seattle to R ....
Shoshanna Solomon is The Times of Israel s Startups and Business reporter The LINK scooter, developed by US firm Superpedestrian, is touted as the industry s first and only e-scooter with intelligence on board (Courtesy) Superpedestrian, a maker of smart scooters, has raised some $60 million from investors to expand its fleet of vehicles that have an intelligence system alerting for safety hazards. Investors in the firm include the Citi Impact Fund, Jerusalem-based OurCrowd, and private equity firm Winthrop Square Capital, the US firm founded by Israel-born CEO Assaf Biderman, said in a statement. Biderman, who has a background in physics, left for Boston 19 years ago and worked for 13 years in a lab at the Massachusetts Institute of Technology where researchers use machine learning and robotics in a bid to solve city problems. ....
Superpedestrian Gets $60 Million Funding Boost in New York Push Electric-scooter firm eyes dozens of new markets as Citigroup, others invest President-elect Joe Biden introduced his picks for a team that will address climate change during an event in Wilmington, Del., on Saturday. If confirmed, Michael Regan would be the first Black man to lead the Environmental Protection Agency and Rep. Deb Haaland would be the first Native American cabinet secretary. Photo: Associated Press By Dec. 21, 2020 7:00 am ET An electric scooter company vying for a place in New York City’s ride-share pilot program has secured $60 million in funding from investors, including the sponsor of the city’s popular bike-share program. ....