https://www.bizjournals.com/sanjose/news/2018/12/20/electric-skateboard-startup-boosted-funding.html Electric skateboard startup Boosted scores $60M to develop new vehicle Dec 20, 2018 Cromwell Schubarth,Silicon Valley Business Journal
[image https://media.bizj.us/view/img/11171984/boosted-boards-caltrain*1200xx3600-2025-0-188.jpg Boosted Inc., the Mountain View-based maker of a popular electric skateboard, has raised $60 million and plans to start making other types of vehicles video https://youtu.be/oAQxk9dOJ8k Boosted Boards | Meet the Family ] Electric skateboard startup Boosted Inc. said Thursday that it raised $60 million in funding to help it develop and produce new types of personal electric vehicles. The Mountain View company was vague about what type of vehicle it wants to make, but says it plans to "introduce multiple new vehicles that leverage Boosted’s signature, superior light electric vehicle technology and performance." The company emerged as part of Y Combinator's Summer 2012 batch. It now employs 85 people and has become a leader in electric longboards. But with the emergence of scooters and other small "last mile" vehicles that are being developed, it looks like it wants to get in on the action. "Today’s generation is quickly adopting light electric vehicles as a superior way to commute, saving both time and money over existing options while enjoying the ride,” CEO Jeff Russakow said in the funding announcement. "However, the majority of lightweight vehicles on the street today are leisure-grade or toy-grade products, when riders need vehicle-grade products that provide exceptional acceleration and braking performance, safety, durability, and superior design." Russakow thinks Boosted has technology that can be valuable in this new world of urban transportation: "Once we install our unique powertrain technology into other light vehicle types, they become Boosted-quality vehicles overnight versus what is out there today." The Series B round was led by Khosla Ventures and iNovia Capital and included money from Series A investors Stanford-StartX Fund and Bay Meadows. "It’s clear that the transportation market is in dire need of a company who can rethink last-mile transportation and light electric vehicles from the ground up — the way Tesla did in electric cars, and Apple has done repeatedly in computers, smartphones, and media," Khosla Ventures partner Samir Kaul said in the funding announcement. As a result of the new investment, Patrick Pichette, who is a former Google CFO and current partner at iNovia Capital, will move from his existing independent board position to a preferred board seat. [© bizjournals.com] https://electrek.co/2018/12/20/boosted-60m-light-electric-vehicles/ Boosted just raised $60M to make new ‘vehicle-grade’ light EVs Mountain View-based light electric vehicle company Boosted just announced today that they have raised $60M in Series B financ... + https://www.teslarati.com/porsche-taycan-teaser-instructional-video/ Porsche rolls out another Taycan teaser in the form of an instructional video December 17, 2018 Taycan is expected to start production sometime in 2019 ... https://youtu.be/t8oixMu703s For EVLN EV-newswire posts use: http://evdl.org/archive/ {brucedp.neocities.org} -- Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
