What is Boosted?
Boosted USA is a prominent player in the personal electric transportation market, offering a range of high-performance electric scooters, skateboards, and accessories. The company caters to urban commuters and recreational riders seeking reliable and stylish mobility options. Their product portfolio features well-regarded items such as the Boosted Revs, Boosted Plus, and a selection of electric bikes and longboards. Boosted USA is committed to enhancing the riding experience through customizable features and advanced technology, aiming to provide efficient and enjoyable urban navigation solutions.
How much funding has Boosted raised?
Boosted has raised a total of $60M across 1 funding round:
Series B
$60M
Series B (2018): $60M with participation from Bay Meadows, Inovia, Khosla Ventures, and Stanford-StartX Fund
Key Investors in Boosted
Bay Meadows
Bay Meadows is a transportation-centered pedestrian village focused on sustainability and convenience, likely investing in companies that align with its vision of reduced car dependency and enhanced urban mobility.
Inovia
iNovia Capital is a venture firm that partners with founders to build global technology companies, suggesting a focus on scalable and innovative ventures within the tech sector.
Khosla Ventures
Khosla Ventures provides venture assistance to entrepreneurs working on breakthrough technologies across various sectors, including sustainable energy and consumer products, indicating a strategic interest in disruptive mobility solutions.
What's next for Boosted?
With the recent influx of major strategic investment, Boosted is poised for significant advancements in its product development and market reach. The substantial capital infusion, reflected in the $60M total funding, indicates a strong investor confidence in the company's trajectory and its potential to lead in the evolving electric mobility landscape. This backing will likely support initiatives to enhance manufacturing capabilities, expand distribution networks, and potentially introduce new innovative products to meet growing consumer demand for sustainable and convenient transportation alternatives. The company's focus on performance and user experience suggests a continued emphasis on technological innovation.
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