Bond Mobility has raised $20 million in Series A funding from DENSO's New Mobility Group, which includes Toyota and Softbank.
without the additional certification needed to drive them. McMaster told Business Insider that Bond's e-bikes have longer battery life and more efficient motors, so they will better serve people outside of dense urban centers.
He also said that the quick rise of scooter startups in the US provided ample opportunity for his team to learn from a safe distance overseas. "I think you're going to see going to see a lot of consolidation [of transportation startups] in 2019," McMaster said."I personally like to compete in a space where no one else is competing, and we're clearly differentiated from everyone else."
Bond will use capital from Wednesday's Series A to help expand into the US in"the coming quarters," McMaster said. He said is not concerned about his reintroduction to Silicon Valley after being ousted at Cyanogen as the company dealt with allegations of fraud and misleading investors, and thinks his experience at the failed startup helped him develop a more cautious approach to building a hardware business.
"I've done a number of startups, and when you raise a lot of money, you tend to take for granted that capital will always be available," McMaster said."The winds have shifted to some extent and we need to be more aware that this is less about blitzscaling, you just can't do that when you are a hardware company. Micro-mobility is a megatrend, it's not going away and investors will invest in companies that show sustainable business pursuing sustainable markets.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Lost Your Expensive Headphones? This $20 Wireless Pair Is Your AnswerGood quality, affordable headphones (with 12k+ positive reviews!) that you won't hate yourself for losing...which you probably will.
Consulte Mais informação »
The new Apple AirPods are on sale for their lowest price—for nowThese tiny white earbuds have earned a cult-like following.
Consulte Mais informação »
Brazil' Petrobras seeks $20 billion from sale of refineriesBrazil's state-controlled oil company, Petrobras, plans to raise roughly $2...
Consulte Mais informação »
This Mom Charges Other Parents $20 Every Year For Her Kid's Birthday PartyParents Are Talking Behind This Mom's Back Who Always Charges For Her Kid's Birthday Parties
Consulte Mais informação »
29 Cheap Skincare Products That Actually WorkYou don't have to spend more than $20 to get results!
Consulte Mais informação »
The CEO offering a $20 TV bundle explains the tough choices and price structures behind the low-cost TV marketInternet-TV companies like Philo are wisening up to the realities of the TV industry. It's complex, and expensive.
Consulte Mais informação »
Big Warehouse Owner Plans to Go PublicIndustrial-warehouse manager GLP is planning to take its U.S. arm public this year, in what would be one of the biggest real-estate listings on record.
Consulte Mais informação »
The founder of Craigslist and other donors will 'reassess' their support for the Markup following the controversial firing of its editor-in-chiefCraig Newmark Philanthropies donated $20 million to the Markup last year, but his latest tweet puts its support in question.
Consulte Mais informação »
I pay less than $15 a month for renters insurance, but the peace of mind is worth so much moreHow much renters insurance costs depends on the amount of coverage you want and where you live. Most people pay between $15 and $20 a month.
Consulte Mais informação »
Lyft sinks to new low after Uber files to go publicLyft shares touched a record low on Friday morning after its ride-hailing rival Uber filed to go public.
Consulte Mais informação »