Superpedestrian

Superpedestrian, an e-scooter startup, is shutting down its U.S. shared scooter operations on December 31, 2023, and exploring a sale of its European business. The company, which had raised $125 million just 18 months prior, cited financial difficulties as the reason, despite efforts from investors to keep it afloat. This move follows a series of layoffs and reflects broader challenges in the e-scooter industry, such as market exits and valuation declines. The shutdown will result in minimal staff remaining as scooters are retrieved nationwide.

In June 2022, amid widespread startup layoffs and an industry-wide struggle for profitability, the micromobility company Superpedestrian reduced its global workforce by 7%, laying off 35 employees. This move was part of a company-wide effort to cut costs and accelerate its path to profitability, reflecting the challenging environment for growth capital at the time. Superpedestrian, which operates shared scooter fleets, emphasized its continued commitment to serving its cities despite the staff reduction.