Segway gets $10M more — to shun white elephant status
Segway, the maker of the high-tech scooter-like self-balancing vehicles, has raised $10.12 million of a planned $20 million third round of capital, according to a regulatory filing cited by PEhub.
When it launched, the Segway was hyped as the next new thing. But it failed to meet expectations. The company has had a topsy-turvy ride — getting banned in various public places, and recalled for technical problems. On the other hand, just enough people are buying… Continue Reading