# Segway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/segway-2

- Industry: Consumer Products
- Headquarters: Beijing, China
- Website: www.ninebot.com
- Total disclosed funding: $188M
- Latest round: Series C (Mar 31, 2019)
- Investors on record: 8

## About

Based in Beijing, China, and founded in 1999, Segway Inc. is a developer of balancing vehicle and short-distance transportation tools that integrates research and development, production, sales, and service. It has four major business regions worldwide, including China, Asia Pacific, Europe, and the Americas, and has 15 offices in Beijing, Shanghai, Seattle, Los Angeles, Boston, Amsterdam, etc. In November 2019, Segway expanded into power sports new market with the introduction of Segway Dirt eBike, ATV, UTV, and SSV. In October 2020, it was listed on Shanghai Sci-Tech Innovation Board, with stock code 689009.

The company focuses on the field of short-term transportation and robotics and owns two major brands: Ninebot and Segway. Its products include intelligent electric balance cars, intelligent Motorized scooters, electric Kart racing, intelligent electric two-wheeled vehicles, service robots, intelligent sharing scooter, etc. The company’s products are sold in more than 80 countries and regions.

## Funding rounds

- Series C, Mar 31, 2019, $6.2M — WestSummit Capital
- Series C, Oct 20, 2017, $100M — CS Capital, Zhongyi Guotou Innovation Investment Management
- Series A, Oct 1, 2014, $80M — Hong Shan, WestSummit Capital, Shunwei Capital, Xiaomi Group
- Angel, Jul 12, 2013, $1.9M — Zhonglu Capital, Haiquan Fund

## Investors

- Zhonglu Capital (https://capitalatlas.ai/funds/zhonglu-capital) — Angel
- Haiquan Fund (https://capitalatlas.ai/funds/haiquan-fund) — Angel
- Hong Shan — Series A
- WestSummit Capital (https://capitalatlas.ai/funds/westsummit-capital) — Series A, Series C
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A
- Xiaomi Group — Series A
- CS Capital — Series C
- Zhongyi Guotou Innovation Investment Management (https://capitalatlas.ai/funds/zhongyi-guotou-innovation-investment-management) — Series C