Superpedestrian secures $125m in debt and equity to expand e-scooter fleet services
The funding round was backed by Jefferies, Antara Capital, Sony Innovation Fund, and FM Capital.
≈ £92.2M at $1 = £0.7372 on 2 Feb 2022
Superpedestrian is a transportation robotics firm that builds light electric vehicle fleets and safety software.
Superpedestrian has secured $125m in a fresh funding round comprising both debt and equity. Jefferies, Antara Capital, Sony Innovation Fund, and FM Capital participated alongside existing investors Spark Capital, General Catalyst, and Citi via the Citi Impact Fund.
The company will use the proceeds to scale its LINK shared e-scooter service, advance research and development initiatives, and roll out its Pedestrian Defense safety system across 25 cities in the United States and Europe.
Spinning out of MIT in 2013, Superpedestrian focuses on improving urban micro-mobility through advanced sensor integration and automated vehicle intelligence. The latest capital injection follows extensive field testing of its safety technology.
From the founder
"Over the past 9 years, we have developed a unique software platform that addresses the core challenges of electric vehicle fleets. From predictive maintenance and repair automation to fine-grain location and curb management, our platform is rich with advanced capabilities that enable safer and more reliable transportation solutions,"
Assaf Biderman
Founder and CEO at Superpedestrian
Investor perspective
"Superpedestrian brings together best-in-class vehicles, an advanced software platform, and efficient fleet operations, enabling them to safely integrate small electric vehicles into crowded city streets,"
Gen Tsuchikawa
Chief Investment Manager for Sony Innovation Fund and CEO and Chief Investment Officer for Innovation Growth Ventures, Sony Innovation Fund
Use of funds
- 01Expand into international markets
- 02Fund research and development
Investors
Jefferies
Antara Capital
Gen Tsuchikawa
Sony Innovation Fund
FM Capital
Spark
General Catalyst
Meredith Shields
Citi
Categories
About the company
Superpedestrian
Superpedestrian develops smart and safe electric vehicle fleets for urban transport.