Superpedestrian raised $125M to Make Scooter Ride Safer

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Superpedestrian has decided to improve its Pedestrian Defense safety system to identify and correct scooter defects. This company has decided to launch new e-scooters with a defense system against Pedestrians in 25 cities in Europe and the United States. The launch will initially begin in the United States, followed by other European places.

This company has acquired Navmatic, which specializes in helping micro-mobility operators to locate and correct vehicle movements on a real-time basis by using accurate GPS positioning. This is the first time the company is launching this new technology after the acquisition.

Superpedestrian has been able to collaborate between the Vehicle Intelligence Safety System and Navmatic’s software which would be able to control riding behaviors that are not safe.

The Senior Director of Superpedestrian, Paul White, has mentioned that the importance of protecting the interests of pedestrians has become essential for cities like New York and Chicago. For this reason, the company has developed a zero-tolerance policy for sidewalk riding. In most countries, the company has either partnered with or is looking forward to partnering with some companies to deploy their advanced technology. The management is focusing on two major cities, San Diego and Chicago. These markets are highly restricted, with very few operators and strict policies for anti-sidewalk riding.

The funding of $125 million from the Series C round enabled the company to expand its current market while also focusing on expanding into newer markets.  Companies like Jefferies, the Sony Innovation Fund by IGV, Ankara Capital, FM Capital, and along with backers like Citi via the Citi Impact Fund, General Catalyst and Spark Capital, have all invested in the company.

Series C is the largest Fund raised by the company after the last time when it raised $ 60 million in December 2020. Some portion of the fund will also be used for research and development activities for the Vehicle Intelligence Software stack.

Paul White stated in an interview that the capability used by the company is innovative and relevant for scooters and other small vehicles in an environment with a high rate of pedestrians.  This is the reason, the company saw a significant rate of interest among the people about this new safety system. People are starting to understand that this new system is relevant for small electric fleets and the core scooter business, which will not block the pedestrians’ space.

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