April 23, 2014 4:37 AM ET

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Company Overview of Superpedestrian Inc.

Company Overview

Superpedestrian Inc. develops lightweight electric vehicles with integrated online platforms. It also offers Superpedestrian SDK, a platform for developers to generate applications ranging from navigation and pollution to customized wheel functionality. The company was founded in 2012 and is based in Boston, Massachusetts.

Boston, MA 

United States

Founded in 2012

Key Executives for Superpedestrian Inc.

Founder and Chief Executive Officer
Sales & Business Consultant and Strategic Advisor
Strategic Advisor
Compensation as of Fiscal Year 2013.

Superpedestrian Inc. Key Developments

Superpedestrian Introduces Copenhagen Wheel to Revolutionize Urban Mobility

Superpedestrian announced the first commercial release of the Copenhagen Wheel, a self-contained unit that snaps easily onto the back of any ordinary bicycle and turns it into an electric hybrid. With extra power at the riders' feet, regenerative braking and advanced control systems, the wheel promotes cycling so that long distances or steep up-hills are no longer a barrier to a comfortable ride. The Copenhagen Wheel is available for sale starting at Superpedestrian.com. With more than 60% of the world expected to live in cities by 2020, transportation can positively impact the quality of urban life. Superpedestrian seeks to transform urban mobility by making bicycles even more attractive for commuters and city residents. The Copenhagen Wheel is the original "smart wheel," first conceived at the Massachusetts Institute of Technology's SENSEable City Lab. The inventors then joined forces as Superpedestrian, exclusively licensing the technology from MIT and working to perfect a user experience that enables cyclists to ride practically anywhere with simplicity and ease. The Wheel is ridden like a normal bicycle - users pedal and the motor phases in and out automatically. The Wheel learns about the rider and intuitively recognizes how hard he or she pedals and the topography ahead to determine how much support the rider may need. There aren't any additional throttles, wires or buttons, maintaining the pure simplicity of cycling. The Wheel also features an intelligent locking system that locks the bike when the rider walks away and unlocks it upon return. Its rechargeable battery allows riders to easily remove the battery pack and carry it with them wherever they go. Key specifications of the Copenhagen Wheel include: Price: Starting at $699.00, Speed: 20 MPH/32 KMPH, Range: 30 miles/48 kilometers, Weight: Weight: 13 lbs/5.9 kg, Battery Type: Rechargeable lithium Ion, 1,000 charge cycles, Operating Voltage: 48V, Motor Power: BLDC hub motor 250W, and 350W options, Supported Wheel Sizes: 26" and 700C and Supported Drive Train Options: Single-speed, multi-speed derailleur. The new Copenhagen Wheel is available for purchase now for $699.00 at limited quantities and will begin shipping at the end of the first quarter of 2014.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 21, 2013
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