Cambridge, MA – Superpedestrian announced its largest-ever funding round, closing $125 million in debt and equity capital. The latest investment comes from Jefferies, Antara Capital, the Sony Innovation Fund by IGV and FM Capital alongside existing backers like Spark Capital, General Catalyst and Citi via the Citi Impact Fund.
The new funding will be used to expand the LINK shared e-scooter service, boost the company’s advanced R&D programs, and deploy scooters with Superpedestrian’s new Pedestrian Defense safety system in the first 25 cities across the US and Europe during 2022. The AI-based software fuses data from multiple vehicle sensors and integrates them with the scooter’s on-board Vehicle Intelligence to take real-time action on the scooter.
Pedestrian Defense exceeds all other safety platforms in three key ways. It can:
- More precisely detect vehicle position even in urban canyons where GPS has high inaccuracy
Detect a much wider array of unsafe riding behavior than any competitor, including sidewalk riding, stunt riding, aggressive swerving and “salmoning” against traffic
- Intervene automatically to slow or stop a scooter in real time when unsafe behavior like riding on a sidewalk is detected
- Following successful field tests of Pedestrian Defense in recent months, the system will now be integrated into Superpedestrian’s technologically advanced LINK e-scooter fleet, which has launched in 57 cities logging tens of millions of miles.