What is Ninebot?
Ninebot, operating under the Segway-Ninebot brand, stands as a pivotal entity in the global electric personal mobility market. By integrating advanced robotics with user-centric design, the company has effectively bridged the gap between traditional transportation and modern IoT-enabled hardware. Its product ecosystem spans from high-performance electric scooters and self-balancing vehicles to sophisticated service robots designed for domestic and commercial applications. Through continuous innovation, Ninebot has established itself as a dominant force, leveraging its proprietary technology to simplify the movement of people and goods while enhancing operational efficiency for its global user base.
How much funding has Ninebot raised?
Ninebot has raised a total of $247M across 3 funding rounds:
Series A
$80M
Series B
$67M
Series C
$100M
Series A (2015): $80M with participation from Xiaomi and Steamboat Ventures
Series B (2015): $67M led by Intel Capital
Series C (2017): $100M supported by SDIC
Key Investors in Ninebot
Xiaomi
A global consumer electronics giant that operates a massive IoT platform and provides a diverse range of hardware, including smartphones and smart home devices.
Steamboat Ventures
A venture capital firm established in 2000 that focuses on nurturing early to growth-stage companies within the technology, media, and consumer sectors.
Intel Capital
The investment arm of Intel Corporation, specializing in high-growth technology sectors such as artificial intelligence, autonomous systems, and next-generation computing.
What's next for Ninebot?
Following the successful procurement of $100M, Ninebot is strategically positioned to accelerate its research and development initiatives, particularly in the realms of autonomous navigation and artificial intelligence. The company's roadmap suggests a pivot toward deeper integration of its robotics platforms into smart city infrastructures and enterprise-level logistics solutions. By maintaining a focus on high-growth markets and leveraging its established manufacturing prowess, Ninebot is well-equipped to navigate the complexities of the global mobility sector, ensuring long-term value creation for its stakeholders and reinforcing its status as an industry pioneer.
See full Ninebot company page
