![]() ![]() ![]() ![]() And so Inboard became yet another victim of the electric scooter rush. The tragic turn of events was the death knell for Inboard, who has since laid off all of its employees. Instead, the investors pushed the company into liquidation, apparently hoping to recover as much of their investments as possible. And they had received assurances from their investors that the money would be there to support the development of the new electric scooter, as long as Inboard hit agreed upon milestones.īut as Inboard’s former CEO explains, the investors didn’t follow through, despite Inboard meeting its milestones. The company knew that it was always going to be an expensive development project. So with such a tantalizing amount of revenue dangling before them, Inboard made the obvious decision to go for it, pouring their resources into the commercial electric scooter project. While the move shocked many at the time, we now know that it was due to a significant purchase agreement that Inboard received from a large European scooter-sharing company, as the Verge reports. If they could bring that level of build quality and innovation to the fledgling electric scooter market, they might have something special.īut fairly quickly, Inboard made a surprise move and canceled pre-orders, announcing that their scooter would instead be available to commercial customers for scooter-sharing programs instead of to consumers. Inboard was known to make quality electric skateboards and offered one of the only boards on the market with a removable battery. The idea was met with significant excitement. Basically, everybody who was anybody had an electric scooter to sell.Īnd so it was in this atmosphere that Inboard announced that it too would sit at the cool kids’ table and offer its own electric scooter. Inboard’s largest rival Boosted was gearing up to (cryptically) announce that it was headed toward introducing its first electric scooter. Car companies were coming out with electric scooters. The scooter-sharing companies were in full swing with VCs tripping over each other to throw money at them. It was mid-2018, and everyone and their brother wanted to debut an electric scooter.Į-scooters were hotter than a steel slide at recess. But the company’s pursuit of an electric scooter ultimately led to its downfall. Inboard was a promising and well-funded California-based electric skateboard company with a long list of fans. ![]()
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