About Segway
Segway is a company based in Bedford (United States) founded in 1999 by Dean Kamen was acquired by Segway-Ninebot in April 2015. It operates as a Direct-to-Consumer (D2C). Segway has raised $101.78 million across 5 funding rounds from investors including Kleiner Perkins, Segway-Ninebot and Credit Suisse. Segway offers products and services including Personal Transportation Devices. Segway operates in a competitive market with competitors including Unagi Scooters, Striemo, GOTRAX, bo and Levy Electric, among others.
- Headquarter Bedford, United States
- Founders Dean Kamen
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101.78 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Kleiner Perkins
& 9 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Segway
Segway offers a comprehensive portfolio of products and services, including Personal Transportation Devices. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal transportation solutions are provided for individual mobility.
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Funding Insights of Segway
Segway has successfully raised a total of $101.78M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Dec 2005)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series E - Segway | Valuation | Intel Education Accelerator | |
| Apr, 2009 | Amount | Series D - Segway | Valuation |
investors |
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| May, 2008 | Amount | Series D - Segway | Valuation | Duff Ackerman & Goodrich , Credit Suisse First Boston |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Segway
Segway has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Kleiner Perkins, Segway-Ninebot and Credit Suisse. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Education startups are funded and mentored by Intel-backed accelerator.
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Founded Year | Domain | Location | |
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US investment opportunities are targeted from San Francisco.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Segway
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Segway
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Segway Comparisons
Competitors of Segway
Segway operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unagi Scooters, Striemo, GOTRAX, bo and Levy Electric, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric kick scooters are manufactured and developed by Unagi Scooters.
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| domain | founded_year | HQ Location |
Electric kick scooters for short-distance travel are manufactured by Striemo.
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| domain | founded_year | HQ Location |
Sells electric scooters, bikes, and parts for urban mobility solutions.
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| domain | founded_year | HQ Location |
Produces high-quality AI-powered electric kick-scooters for consumers.
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| domain | founded_year | HQ Location |
Provides affordable electric scooters with swappable batteries for daily urban travel.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Segway
Frequently Asked Questions about Segway
When was Segway founded?
Segway was founded in 1999 and raised its 1st funding round 6 years after it was founded.
Where is Segway located?
Segway is headquartered in Bedford, United States.
Is Segway a funded company?
Segway is a funded company, having raised a total of $101.78M across 5 funding rounds to date. The company's 1st funding round was a Series D of $36.28M, raised on Dec 01, 2005.
What does Segway do?
Innovative personal mobility devices are developed and sold by Segway. Focus is placed on electric scooters and other compact transportation solutions. The company targets individual consumers seeking efficient and eco-friendly travel options. Products are designed for urban environments and short-distance commuting needs.
Who are the top competitors of Segway?
Segway's top competitors include Striemo, Unagi Scooters and GOTRAX.
What products or services does Segway offer?
Segway offers Personal Transportation Devices.
Who are Segway's investors?
Segway has 9 investors. Key investors include Kleiner Perkins, Segway-Ninebot, Credit Suisse, Masdar, and GIC.