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Scooterson isn't accepting new investments

Scooterson’s deadline was March 22, 2021

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Logo of Scooterson

Scooterson

Intelligent scooters from the future
B2C B2B Micromobility AAPI Founders AI & Machine Learning
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$390,230
Raised
1,091
Investors
Successfully funded and closed on March 22, 2021.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Scooterson Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Scooterson Crowd SAFE Scooterson Form C.pdf
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Hear from some of the 1,091 investors in Scooterson


Show more

Highlights


  • Three intelligent scooter models, fully controlled from the mobile app
  • $1.1M+ in pre-sales from July 2020 to October 2020
  • $25M in projected revenue by end of 2021 | A $290M SOM
  • $2.8M in funding to date
  • Red Dot Design Award Winner 2018
  • 5 patents granted, 3 patents pending
  • Ready for manufacturing design

Problem


Today’s micro-mobility products are technologically outdated

In the age of smartphones, apps, and artificial intelligence, the majority of modern scooters still use the technology of the '90s. Today's tech-savvy customers have to buy aftermarket products to add the features they need.

Low-quality and poor design

With a few exceptions, all scooters are built in Asia, from low-quality components. The complete lack of good industrial design creates the perception of an ugly, awkward-looking product or kids toy. Millennials don't want to be ridiculed for riding a cheap-looking product.

No alternatives to ownership

In the time of COVID-19, when scooter-sharing is avoided, there are no viable options for the riders who don’t want the burdens of ownership. 

Solution


The scooter of tomorrow

By innovating and developing new technologies for micro-mobility, we’ve created a line of intelligent, energy-efficient, and easy-to-ride scooters, fully controlled from your smartphone, for the best riding experience possible.

A piece of art

Scooterson's award-winning scooters are engineered from scratch and manufactured at the highest quality standards using high-end materials and components.

Carefree ownership

With our monthly subscription, valet, and concierge service,  we remove the burdens of ownership, leaving only the joy of riding.

Product


An advanced electric scooter

Our flagship model Rolley was designed from scratch, using the latest technologies and space-age materials, and features a range of intelligent features for a seamless customer experience. 

A complete product range

Controlled by the mobile app

With its AI-powered algorithms, Scooterson's app makes riding Rolley seamless and effortless. It will learn and suggest the optimal riding modes for the best user experience. A true smart scooter.

Deep-tech innovation

For B2B fleets repositioning operations, our teleoperation capabilities can significantly lower the operational cost and create social impact jobs for disabled persons, working from their home.


Traction


$1.1M+ in pre-sales

From July 2020 to September 2020, we sold Ambassador Program scooters and signed B2B deals worth more than $1.1M.

Grown in top accelerators

We are alumni of three startup accelerator programs—MVP Academy, a European pre-seed accelerator, Enchant VC in Singapore, and HAX Boost IV in San Francisco - a growth program part of HAX, the largest hardware accelerator.

Awards and Accolades.

Scooterson was a finalist at LA New Mobility Challenge 2017, a major global startup competition focused on urban mobility in Los Angeles, and was also a finalist at HowToWeb's Startup Spotlight 2016.

Red Dot Award 2018 Winner

In 2018 Scooterson won the Red Dot Award, the largest and most recognized professional design competition in the world.

Featured in:

Customers


Anyone searching for the best personal mobility device

Scooterson’s target audience is early adopters who are highly invested in personal lifestyle and are looking for alternatives to cars and public transportation that allow them to navigate efficiently and safely.

Fleet operators businesses

Scooterson Ride is a complete mobility solution for operating fleets of scooters for food delivery, small package delivery, rentals at tourist spots, or as a mobility solution on large residential developments, country clubs, and golf courses. It’s a perfect and cost-effective alternative to golf buggies, which are traditionally used in such places.

Business model


Direct-to-consumer

Scooterson is a DTC brand that sells directly to our customers, bypassing any third-party retailers, wholesalers, or any other middlemen. With this model, we get a larger gross margin (up to 58%) and our customers can purchase the product at a more competitive price. We also plan to offer a subscription model pricing (monthly rental plan) for those who want to avoid the burdens of ownership.

A large B2B market

Our B2B verticals are golf courses, country clubs, corporate campuses, university campuses, and any other places where golf carts are used.

Market


The booming micro-mobility market

Electric scooters have seen a huge surge in popularity over the last few years, fueled by the many scooter-sharing options. Lately, due to the Covid-19 pandemic, many customers preferred to own their vehicle, shifting the market trends from scooter-sharing to vehicle ownership and accelerating market growth.

Perfect timing

The micro-mobility market could reach $300B to $500B by 2030. 

A massive electric scooter opportunity

With the current traction on the micro-mobility market, the total e-scooter segment will be worth $41B by 2030, while the electric kick-scooter segment,  currently at $567M in 2020, is expected to grow to  $3.9B by 2030. 

Competition


Leaving the competition in the dust

By designing everything from scratch and avoiding off-the-shelf components, we've managed to best our direct competitors with a superior overall design at a better price.

The intelligent scooter that caters to your lifestyle

In the era of smartphones, apps, and artificial intelligence, it's time for an upgrade for the urban rider. We've introduced a smart layer in our scooters, now fully controllable from your smartphone.

The ugly bunch

The majority of scooters available are manufactured from low-quality components and lack good industrial design. Our target customers are looking for premium products—they don't want to being ridiculed for riding a weird and cheap-looking scooter.

Vision and strategy


$100M+ in sales by 2023

Funding


$2.8M raised to date

Scooterson has gone through two rounds of seed funding, raising a total of $2.8M to date. Noted investors include HAX SOSV and Elevate VC. These funds were used for business development, product development, iterating prototype, road-testing, software development, building pre-production samples, building the tooling, fixtures, and jigs, required for the mass-production assembly line.

This new round of funding is intended for our production costs, product launch campaign, and further marketing and sales expenses.

Founders


The Scooterson story

In 1996, 27-year-old Romanian-born German entrepreneur Mihnea Chis started the first Internet service provider in his hometown. He exited the company a few years later to pursue a creative career as a film director for the next 15 years, under the artistic alias Mihnea de Vries. After this foray into film, he returned to the tech space with his second tech start-up KopterX, which built custom high-end cinematography drones.

In 2015, using his experience as a drone builder, Mihnea developed a prototype electric scooter for personal use. After seeing "wow" reactions on the street, he soon realized that electric scooters were the next big thing in urban mobility, and went on to start the Scooterson project in 2016.

Deepansh Jain is a serial entrepreneur from India. In 2011, while studying at India’s premier engineering college,  he founded his first startup Juvenis, which was acquired within two years of inception for half a million dollars. He then co-founded Shifu App, an AI-powered, context-aware personal assistant application, whose investors included Google executives. Shifu App was acquired by the leading Indian mobile wallet and e-commerce company, Paytm/Alibaba, in January 2016.

After exiting his second company, Deepansh traveled the world to speak at tech events, where he talked about how he incorporated AI algorithms into Shifu App. Mihnea approached him after an event in Budapest to discuss how AI algorithms could be implemented into smart electric scooters. A few days later, Deepansh joined Scooterson to implement A.I. optimizations and further the mission to create the best user experience on two-wheels.

Deal terms


Valuation cap

$19,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Scooterson occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$200

The smallest investment amount that Scooterson is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Scooterson needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Scooterson Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Scooterson Crowd SAFE Scooterson Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Scooterson.
200 investors
Invest
$100
Receive
  • LIMITED EARLY BIRD! (limited to first 200 investors)
  • 1x Coupon of $600 to be redeemed when you purchase a Rolley+ scooter or get a free upgrade to carbon fiber edition.
  • Sold out (0 left of 199)
143 investors
Invest
$100
Receive
  • 1x Coupon of $200 to be redeemed when you purchase a Rolley+ scooter.
  • Limited (2 left of 145)
190 investors
Invest
$200
Receive
  • 1x Coupon of $400 to be redeemed when you purchase a Rolley+ scooter.
  • Limited (5 left of 195)
67 investors
Invest
$300
Receive
  • 1x Coupon of $600 to be redeemed when you purchase a Rolley+ scooter or get a free upgrade to carbon fiber edition.
  • Limited (3 left of 70)
53 investors
Invest
$500
Receive
  • LIMITED SPECIAL PERK! (limited to first 75 investors)
  • 1x Coupon of $750 to be redeemed when you purchase one Rolley+ scooter. 
  • Investor Edition engraving.
  • Limited (2 left of 55)
12 investors
Invest
$600
Receive
  • LIMITED SPECIAL PERK! (limited to first 20 investors)
  • 2x Coupons of $600 (total of $1,200) to be redeemed when you purchase 2 Rolley+ scooters. (only 1 coupon can be redeem per scooter)
  • Limited (3 left of 15)
16 investors
Invest
$750
Receive
  • LIMITED | SPECIAL PERK (limited to first 30 investors)
  • 1x Coupon of $1000 to be redeemed when you purchase one Rolley+ scooter.
  • Investor Edition engraving.
  • Limited (4 left of 20)
13 investors
Invest
$900
Receive
  • LIMITED SPECIAL PERK! (limited to first 15 investors)
  • 3x Coupons of $600 (total of $1,800) to be redeemed when you purchase 3 Rolley+ scooters. (only 1 coupon can be redeem per scooter)
  • Limited (2 left of 15)
25 investors
Invest
$1,000
Receive
  • LIMITED EARLY BIRD! (limited to first 25 investors)
  • 1 x Coupon of $1,500 to be redeemed when you purchase one Rolley+ scooter. 
  • Investor Edition engraving.
  • Backstage Pass to all future Scooterson Events.
  • Sold out (0 left of 25)
6 investors
Invest
$1,200
Receive
  • Family Pack: 4 x Coupon of $600 to be redeemed if you purchase up to 4 Rolley+ scooters. Please notice: only 1 coupon can be redeem per scooter.
  • Total Park Value: $2,400
  • Limited (4 left of 10)
16 investors
Invest
$2,000
Receive
  • LIMITED | SPECIAL PERK (limited to first 30 investors)
  • 1 x Coupon of $1,200 to be redeemed when you purchase one Rolley+ scooter.
  • 1x Free Custom Color Option (worth of $500)
  • Total Perk Value: $1,700
  • Investor Edition engraving.
  • Backstage Pass to all future Scooterson Events.
  • Limited (4 left of 20)
5 investors
Invest
$3,000
Receive
  • SUPER LIMITED EARLY BIRD! (limited to first 5 investors)
  • 1 x Free of charge scooter worth of $2,990, model Rolley+
  • Investor Edition engraving.
  • Backstage Pass to all future Scooterson Events.
  • Sold out (0 left of 5)
10 investors
Invest
$4,000
Receive
  • SUPER LIMITED EARLY BIRD! (limited to first 10 investors)
  • 1 x Free of charge scooter worth $2,990, model Rolley+
  • Investor Edition engraving.
  • Backstage Pass to all future Scooterson Events.
  • Sold out (0 left of 10)
7 investors
Invest
$5,000
Receive
  • 1x Coupon of $1,500 to be redeemed when you purchase a Rolley+ scooter.
  • 1x Free Custom Color Option (worth of $500) or Free upgrade to the carbon finish version (worth $500)
  • Total Perk Value: $2,000
  • Investor Edition engraving.
  • Quarterly Investor Update via email.
  • Backstage Pass to all future Scooterson Events.
  • Limited (3 left of 10)
3 investors
Invest
$6,000
Receive
  • SUPER LIMITED EARLY BIRD! (limited to first 3 investors)
  • 2 x Free of charge scooters, total worth of $5,980, model Rolley+ Investor Edition engraving.
  • Quarterly Investor Update via email.
  • Backstage Pass to all future Scooterson Events.
  • Sold out (0 left of 3)
3 investors
Invest
$7,000
Receive
  • SUPER LIMITED EARLY BIRD! (limited to first 3 investors)
  • 2 x Free of charge scooters, each worth $2,990, model Rolley+
  • Total Perk Value: $5,980.
  • Investor Edition engraving.
  • Quarterly Investor Update via email.
  • Backstage Pass to all future Scooterson Events.
  • Sold out (0 left of 3)
1 investor
Invest
$8,000
Receive
  • LIMITED | THE ULTIMATE PERK (limited to first 5 investors)
  • 1 x Free of charge scooter, worth $2,990 model Rolley+
  • 1x Coupon of $1,000 to be redeemed when you purchase a Rolley scooter.
  • Collectible Value - Colored Carbon Fiber finish option worth $1.000.
  • Collectible Value - Custom color frame option, worth $500
  • Total Perk Value: $5.490
  • Investor Edition engraving.
  • Special 2 digit serial number plate.
  • Quarterly Investor Update via email.
  • Backstage Pass to all future Scooterson Events.
  • Limited (1 left of 2)
Invest
$10,000
Receive
  • 2x Coupons of $1,500 (total of $3,000) to be redeemed when you purchase 2 Rolley+ scooters. (only 1 coupon can be redeem per scooter)
  • 2 x Free Custom Color Option (worth $500) or Free upgrade to the carbon finish version (worth $500.)
  • Total Perk Value: $4,000
  • Investor Edition engraving.
  • Quarterly Investor Update via email.
  • Backstage Pass to all future Scooterson Events.
Invest
$15,000
Receive
  • 1 x Free of charge scooter, worth of $2,990, model Rolley+ with Custom Color option or Carbon Fiber finish option, worth $500.
  • 1x Coupon of $1,000 to be redeemed when you purchase a Rolley scooter.
  • Total Perk Value: $4,490
  • Investor Edition engraving.
  • 2 digit serial number plates.
  • 1 hour Zoom call with the founders.
  • Quarterly Investor Update via email.
  • Backstage Pass to all future Scooterson Events.
Invest
$25,000
Receive
  • 2 x Free of charge scooters, total worth of $5,980, model Rolley+ with Custom Color option or Carbon Fiber finish option, total worth $1,000.
  • Total Perk Value: $6,980
  • Investor Edition engraving.
  • 2 digit serial number plates.
  • Business dinner with the founders (1 hour Zoom call if dinner is not possible.)
  • Investor Feature in one of the Scooterson Stories videos.
  • Quarterly update via email and over a phone call with the CEO.
  • Backstage Pass to all future Scooterson Events.
Invest
$50,000
Receive
  • 3 x Free of charge scooters, total worth of $8,970, model Rolley+ with Custom Color option or Carbon Fiber finish option.
  • Investor Edition engraving.
  • 2 digit serial number plates.
  • One free unit of all future Scooterson consumer products.
  • Business dinner with the founders (1 hour Zoom call if dinner is not possible.)
  • Investor Feature in one of the Scooterson Stories videos.
  • Quarterly Investor Update via email and over a phone call with the CEO.
  • Backstage Pass to all Scooterson Events.

About Scooterson

Legal Name
Scooterson Inc.
Founded
Aug 2016
Form
Delaware Corporation
Employees
0
Website
scooterson.com
Social Media
Headquarters
Google Map location of of Scooterson
548 Market St #71050 , San Francisco, CA
Headquarters
548 Market St, #71050, San Francisco, CA, United States 94104

Scooterson Team
Everyone helping build Scooterson, not limited to employees

Profile picture of Mihnea "de Vries" Chis
Mihnea "de Vries" Chis
CEO
Founded KopterX, a start-up assembling high-end heavy drones for aerial cinematography. Founded the first Internet Service Provider in his home town, back in '96.
Profile picture of Deepansh Jain
Deepansh Jain
CTO
Co-founded and successfully exit 2 companies. The recent one, Signals (Shifu), was acquired by PayTM/Alibaba for $8M.
Profile picture of Gautham  Ramesh
Gautham Ramesh
Mechanical Engineering Lead.
Profile picture of Ionut Predescu
Ionut Predescu
Industrial Design Lead
Profile picture of Muhammad Hakeym Bin Abd Rashid
Muhammad Hakeym Bin Abd Rashid
Mechanical Engineering
Profile picture of Kenneth  Lim
Kenneth Lim
Firmware Developer
Profile picture of Cristina  Eilertsen
Cristina Eilertsen
Community Manager / PA
Profile picture of Aaron Lim
Aaron Lim
Sales & Support
Profile picture of Calin Coman
Calin Coman
Marketing & PR
Profile picture of Jasmine Tacneng
Jasmine Tacneng
Mechanical Engineering
Profile picture of Wilson Liew
Wilson Liew
Mechanical Engineering
Profile picture of George Poenaru
George Poenaru
Electrical Engineering Lead
Profile picture of Ervin  Kis
Ervin Kis
Composites and Prototyping
Profile picture of Anton Umnitsyn
Anton Umnitsyn
iOS Developer
Profile picture of Pavel Kiss
Pavel Kiss
Backend/Middleware Software Developer
13 more team members
Mihnea "de Vries" Chis
CEO
Gautham Ramesh
Mechanical Engineering Lead.
Ionut Predescu
Industrial Design Lead
Deepansh Jain
CTO
Muhammad Hakeym Bin Abd Rashid
Mechanical Engineering
Kenneth Lim
Firmware Developer
Cristina Eilertsen
Community Manager / PA
Aaron Lim
Sales & Support
Calin Coman
Marketing & PR
Jasmine Tacneng
Mechanical Engineering
Wilson Liew
Mechanical Engineering
George Poenaru
Electrical Engineering Lead
Ervin Kis
Composites and Prototyping
Anton Umnitsyn
iOS Developer
Pavel Kiss
Backend/Middleware Software Developer

Press

Can this fat tire low rider make electric scooters cool?
Electrek Electrek
·
Dec 16, 2020

For anyone who has ever looked at a typical electric scooter and complained that the wheels seem too small, the Scooterso...

World's first intelligent electric scooter? How this youn...
Analytics India Magazine Analytics India Magazine

A side project, that was initially aimed at creating cool-looking electric scooters for the founders' own personal use, i...

Meet Scooterson, the World's First Smart Electric Kick Sc...
autoevolution autoevolution

The future is now, these are the world that came into mind when we finished reading what Scooterson's creators have to sa...

Our Pick Of 21 Interesting Startups From Web Summit
TechCrunch TechCrunch

As Web Summit in Dublin wraps up another gang-busting year of packing out the pubs and bars, and bringing the traffic to ...

Serial Entrepreneur at it again with Scooterson Tesla for...
BW Disrupt BW Disrupt

Deepansh's earlier startup was acquired by Paytm for $8M. His new collaboration, 'Scooterson', is the world's first AI po...

Now, Scooterson's AIR smart scooter can be moved from one...
e27 e27

AIR is specifically designed to lower operational costs by reducing the staffers required to rebalance the fleets on the ...

Scooterson launches light-weight foldable smart e-scooter...
e27 e27

The subscription fee is US$36 per month for Elf, which weighs less than 13.6kg

Scooter of the future: Scooterson rides the AI wave with ...
YourStory.com YourStory.com

California-based Scooterson manufactures the world's first intelligent electric kick-scooters, which use a combination of...

Ready, Set, Scoot!
Yankodesign Yankodesign

The award-winning Rolley Scooterson 2 is so easy to use, you could almost do it blindfolded... but please don't! Designed...

Scooterson Rolley 2 is a big-wheeled electric scooter wit...
Electrek Electrek

Recently it has felt like there's a new scooter entering the market every other day. But today's new entry, the Scooterso...

Show all
Logo of Scooterson

Scooterson

Scooterson successfully raised $390,230 from 1091 investors on March 22, 2021
Profile picture of Wendell Carter
Profile picture of Lyle Notice
Profile picture of Jabbar Ford
Profile picture of Desiree Robertson
Profile picture of Cindy Santos
Wendell, Lyle, Jabbar, Desiree, Cindy, and 1086 others invested. 188 Reviews
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