A Chinese Robotics Company Made Segway (Almost) Cool


The Economist:

It took Segway a decade to hit its initial 13-month target to sell 100,000 units of its original two-wheeler. In 2018, just three years into production, Segway-Ninebot will sell 1m scooters, up from sales of 600,000 last year. Ninebot’s factory in Changzhou builds over 5,000 scooters a day. The firm’s backers, which include Xiaomi, valued it at $1.5bn in its latest funding round.

Segway, the first iteration, sure seems like it will go down as prime example of one of those right-idea-wrong-time companies.

On that topic, here's an old must-read.


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