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Beijing-based Ninebot Acquires Segway, Raises $80M From Xiaomi And Sequoia

2015-04-15 11:23:37| Automakers - Topix.net

Intriguing news from the personal transportation mobility device sector: Beijing-based company Ninebot has announced that not only will it acquire rival Segway, but it has also scored $80 million in funding from investors including Xiaomi, Sequoia Capital, and Shunwei Foundation. The deal is especially interesting because Ninebot was named by Segway and its founder Dean Kamen in a trade complaint last year .

Tags: raises acquires sequoia 80m

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