Superpedestrian

MicromobilityUSA

New to Unitard

💀 Dead / Bankrupt

Peak $1 BillionToday

~-100%

from peak

🦄
Became a unicorn
~2021
📈
Peak valuation
$1 Billion ’21
💔
Became a Unitard
2023
💸
Last valuation
Wiped out

Capital raised

$243M

Total raised

$60.3K/day

Raised per day

Total raised averaged per day over approximately 11.0 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology

Funding: CB Insights/TechCrunch

Current status

Shut down 2023

The rise & fall

6 moments · 2012–2023

The key moments, with employee sentiment along the way.

2012

Spun out of MIT

Assaf Biderman's spinout debuts the Copenhagen Wheel, a robotic bicycle wheel — scooters come later.

TechCrunch

2021

The peak: the 'safest scooter' pitch nears $1B$1B

Onboard diagnostics and geofencing that stop scooters at the sidewalk's edge win city contracts and a loosely reported ~$1B tag; ~$243M raised in all.

Canary Media

2022–23

Micromobility winter

Shared-scooter economics sour across the industry, and fresh capital gets scarce.

TechCrunch

2022–23

From the inside · Glassdoor reviews, 2022–23

Employees saw it coming: Glassdoor reviews described survivors juggling three or four jobs as the best people left, and a year-end all-hands where staff were told there would be no raises or bonuses — the reward was getting to work there.

Dec 2023

Shuts down — joins the Unitard Club 💔

Unable to raise more capital, Superpedestrian winds down LINK's US operations.

Canary Media

$1Bof peak value erased · 11 years

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.

How it happened

Superpedestrian, an MIT spinout, ran the LINK shared e-scooter service and built onboard safety and geofencing technology, and was loosely valued near ~$1B around 2021. Amid a micromobility downturn and difficulty raising more capital, it shut its US operations and wound down in 2023.

Source: Canary Media; unicorn status soft