After laying off a significant portion of staff, it seems that Boosted has entered the next phase. Boosted has been acquired by electric scooter sharing platform Lime. But don’t get your hopes up, as it states that Lime has no intentions to move into the consumer market.
According to information shared by Boosted founder Sanjay on Reddit, and a blogpost by Fatdaddy all IP’s and AR’s seem to have been bought by Lime. Including design files, software and code, diagnostics, parts, and test equipment. This purchase opens up new possibilities and long term securities for Lime. Sadly Lime has no intention to move into the B2C market.
The technology behind the Boosted Rev might have been very important for the scooter sharing platform. As the intellectual property rights and AR’s have been acquired. Which could mean that at least some technology might end up in future Lime scooters. What this means for the future of Boosted’s electric skateboards is still unknown.
Signals of moving towards Lime
Boosted’s vice president of engineering Michael Hillman left Boosted two months ago to take a job at Lime, according to his LinkedIn profile. Which’s adds to the weight of the rumor, as we do not have any official confirmation either Lime or Boosted yet.
Scooter-sharing startup Lime, recently laid off 14 percent of its employees and exited 12 markets despite having raised hundreds of millions of dollars. And they are preparing even more layoffs according to Bloomberg, due to the coronavirus. Will the technology of the Boosted Rev help them in their fight against competitors like Bird?
A spokesperson for Lime said the company isn’t “ready to discuss” what’s happening and declined to comment.
What does this mean for Boosted customers with repairs?
One of the big questions is how Lime will handle Boosted products that were sent in for repairs, and orders that have not shipped yet. Boosted founder Sanjay explained that Boosted team members have been trying unsuccessfully to service and send boards back to customers for weeks. “I’m not a lawyer, but I suspect that those boards should rightfully get back to their owners and should be safe to ride.”
In the meantime, the Boosted community is gathering around to help each other with spare parts on Reddit.
Your move Lime, help us out.
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