Superpedestrian

MicromobilityUSA
πŸ’€ Dead / Bankrupt
PeakΒ $1 BillionToday
~-100%
from peak
  1. πŸ¦„
    Became a unicorn
    ~2021
  2. πŸ“ˆ
    Peak valuation
    $1 Billion ’21
  3. πŸ’”
    Became a Unitard
    2023
  4. πŸ’Έ
    Last valuation
    Wiped out
πŸ”₯ Raised & burned
$243M
Total raised
$60.3K/day
Burned Β· 11.0y alive
Funding: CB Insights/TechCrunch
Current status
Shut down 2023

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. Employees saw it coming: Glassdoor reviews describe strategy that lurched every other month, a steady exodus of the best staff, and roles left unbackfilled until survivors juggled three or four jobs. Multiple reviewers recounted a year-end all-hands where leadership said there would be no raises or bonuses β€” the reward, they were told, was simply getting to work there β€” and were calling the company doomed well before the wind-down.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: Canary Media; unicorn status soft

More from the club

Same sector Β· Micromobility
Same fate Β· shutdown
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