Participated · Equity · Nov 2018

Inboard sells electric scooters and skateboards and has launched general availability of its first premium scooter, the Glider, its second product after the M1 electric skateboard. The Glider retails for $999 on pre-order (rising to $1,299 after 12/31/18), features a swappable battery and an integrated app that provides location, traffic, diagnostics and maintenance alerts. The scooter emphasizes safety with headlights, brake lights, turn signals, larger tires, a wider deck, and a rider-height design below the axle centerline. Gliders include a three-axis accelerometer that detects vibrations to inform riders about road obstacles via the app. Inboard sold 285 Gliders in a private pre-sale, with about 80% of orders from the U.S. and 35% from California. The company is backed by $11.7 million in venture financing from investors including Upfront Ventures, LION Smart, Sunstone Capital and Sweet Capital.

Participated · Series A · Nov 2017

Inboard Technology, founded in 2014 by Ryan Evans and Theo Cerboneschi and based in Santa Cruz, California, creates electric skateboards. Its flagship M1 features a battery that swaps in seconds for effectively unlimited range and dual in-wheel motors that require no maintenance. The M1 is commercially available online, on Amazon, at over 200 Best Buy locations, and through specialty retailers across the U.S. and Canada. In Europe the M1 is sold via a dealer network supported by Aqipa Europe. The company closed an $8M Series A in November 2017, bringing total funding to $11.7M. Inboard Technology develops personal electric transportation products, led by its first product, the M1 electric skateboard. The company emphasizes feature-rich products and a distinct design aesthetic. Management includes action sports experts and is led by CEO Ryan Evans. Inboard says it plans to build a diverse and broad product line in the personal electric lightweight transportation market. The company was founded in 2014 and is based in Santa Cruz, California. Recent early-stage backing from local investors positions the company to scale its product lineup and go-to-market efforts.