![]() Evans teased the European partnership and planned to collaborate with "hotels, resorts, corporate campuses and commercial areas". The startup promised a smoother, more stable and more durable ride than those offered by shared scooter startups like Bird or Lime.īut in April 2019, Inboard announced another change in plans resulting from consumer sales and the repayment of deposits customers had lodged for the G1. Like the M1, Inboard originally planned to sell the scooter directly to customers for $ 1,299. Last year, the startup announced that its second product would be an electric scooter called the G1. Loans promised by investors never materialized, which, according to Inboard's founders, was a "shock." In 2016, the startup went on ABC's Shark Tank and raised another $ 750,000 before embarking on the $ 8 million Series A round in 2017, led by Los Angeles venture firm Upfront has been. The startup has made the skateboard different in some ways: it used in-wheel engines and was powered by an easily replaceable battery, making it a popular alternative to the belt-driven system of Boosted. "It hurts me that our hands are tied and this is not the communication process we chose, just no time with the rough ones pulled out," said Evans on Friday.įounded in 2015, Inboard initially garnered more than $ 400,000 from Kickstarter to develop its first (and only) electric skateboard, the M1. Maidy) asking for proof any liability of the US government have been asked startup. On Thursday, customers, business partners, and anyone else who did business with Inboard in recent years received a dense e-mail (signed by Sherwood Partners co-president Michael A. Since then, Inboard's website has been closed, and the customer service channels have reportedly become dark as well. The startup's board of directors signed an agreement with liquidation firm Sherwood Partners known as "Assignment in favor of creditors" and in control on the remaining assets of Inboard. This decision was a "shock," said Evans, who left "no time and little options" inboard. However, Evans said the investors eventually decided to push Inboard into liquidation despite achieving these goals. Inboard was Boosted's most visible competitor in electric skateboards "Multiple Assured" that Inboard's main investors would lend more to the startup to become a provider of e-scooter fleets as it achieves "key objectives".
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