Citi Impact Fund helped supply $60m to help MIT’s smart scooter provider Superpedestrian hike its overall funding to about $140m.

Superpedestrian, a US-based micromobility technology spinout of Massachusetts Institute of Technology (MIT) raised $60m from investors including financial services firm Citi’s $150m Impact Fund, equity crowdfunding platform OurCrowd and private equity firm Winthrop Square Capital yesterday. Superpedestrian has created an electric scooter called Link which is fitted with artificial intelligence software-based collision detection technology and…

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