Robotic Transporter Startup Ninebot Acquires Segway, Raises 80M from XiaoMi & Sequoia CapitalNinebot Limited and Segway Inc. Complete Strategic Combination Beijing, China and Bedford, New Hampshire, USA April 15, 2015 Ninebot Limited (Ninebot™), a leading company in the short-distance transportation industry, and Segway Inc. (Segway™), the world’s leading provider of personal electronic transportation, announced today that they have completed a strategic combination.The combined company will focus on research and development, manufacturing, sales and service in the short-distance transportation industry, with the goal of promoting the rapid development of that industry and leading the revolution of mobile robotics solutions. Both Ninebot and Segway will continue to operate under their existing brand names.

This strategic combination is a milestone for both Ninebot and Segway. It creates a development opportunity for the short-distance transportation industry, which the combined company will lead by widely applying a series of technologies, such as electric driving, mobile internet and man-machine interaction, on future products, said Lufeng Gao, founder and Chief Executive Officer of Ninebot.

We are confident that this combination will help promote the development of short-distance transportation as well as the growth in the mobile robotics platform industry. As a result of these two well-known brands joining forces, we will be able to provide more convenient and greener solutions continued Mr Gao.

After the strategic combination, Ninebot and Segway will be able to cooperate closely with each other on technology and marketing, strengthening their research and development, manufacturing, marketing and sales capabilities. Intelligent hardware has grown quickly worldwide during the past several years. Our combination with Ninebot will enable us to provide more intelligent and valuable products to our customers. We are confident in our future said Rod Keller, President of Segway. After the transaction, Segway has become a wholly-owned subsidiary of Ninebot.

Ninebot Company Introduction

Ninebot is the first domestic operator providing integrative development, production, sales and service of intelligent short-distance transport product. With the dream to provide people with more intelligent and convenient innovative short-distance vehicle, they founded Ninebot , creatively combining Internet thought with advanced unmanned aerial vehicle/robot technology, and opened a new chapter for vehicles’ innovation. Ninebot has successively issued Windrunner series, Ninebot No.9 series, Ninebot One series. Its self-balance car has become the first intelligent transport robot for thousands of households; and it immediately became a pioneer of new-fashioned travel-ism after its launch, activating a buzz from all industries. In the next 30 years, Ninebot Company will view eternal innovative spirit and “Focus, Acme, Glory and Influence” as values for the company, and provide short-distance transport products with first quality to people; Ninebot will spread green way of life into the world; relaying on constantly innovative intelligent products, it will continue to lead intelligent transportation time.

Segway Company Introduction

Headquartered in Bedford, New Hampshire, US, Segway is a global leading brand of personal electric transportation equipment. Segway focuses on research and development of safe and unique short-distance transport products. By advantage of technology innovation and mobile Internet, it creatively provided personal green transportation solution to challenge the tradition, and redefined personal short-distance transport tool. Segway balanced car as an epoch-making personal transport, triggered a wide attention from all industries, which not only changed the way of people working, life and entertainment, but also relieved increasingly serious traffic congestion and environmental problems. Segway at present owns more than 250 distributors all over the world with a worldwide sales network, and has dealers and product experience center in more than 80 countries. Segway also will continue to focus on innovative short transportation and personal transport, letting you travel more easy, efficient, intelligent and simple.

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