Shared micromobility operator Superpedestrian announced its latest funding round on Tuesday, closing $125 million in debt and equity capital.
The 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 funding will be used to expand the LINK shared e-scooter service, which is operated by Superpedestrian, boost the company’s advanced R&D programmes, and deploy e-scooters with the new Pedestrian Defense safety system across 25 cities this year.
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.
Following successful field tests of Pedestrian Defense in recent months, the system will now be integrated into the LINK e-scooter fleet, which has launched in 57 cities to date.
“Superpedestrian is on a successful mission to build and operate the safest and most comfortable shared e-scooter on the market,” said Jean Andrews, Policy Director at Superpedestrian for UK and Ireland.
“LINK is the only e-scooter available today with the technological capacity to run the Pedestrian Defense system. This funding will strengthen our position as a world-leader in the next generation of safety technologies that safeguard riders, communities and the environment.”