![\"ninebot-acquisition-segway\"](\"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2015\/04\/ninebot-acquisition-segway.jpg?resize=600%2C344\")
<\/p>\nI have never ever expect this to happen. Ninebot, a Chinese company, has acquired Segway, an American company. If you are following Ninebot closely, you will know that Ninebot\u00a0is a company that makes\u00a0PEVs. Among of all\u00a0other products, Ninebot One is my favorite.<\/p>\n
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Hopefully, with this acquisition, Ninebot can produce even better products. BTW, that is not all. Check out in the news release who the investors are. One of them is Xiaomi. So, I am expecting the Ninebot mobile app will be even better.<\/p>\n
Seems like Chinese companies like to buy up companies to improve their image or to enhance the quality of their products. Here is the News Release.<\/p>\n
Press Release<\/span><\/strong><\/p>\n BEIJING, CHINA \u2013 April 15, 2015<\/strong> \u2013 Ninebot Inc., a leading company in China\u2019s intelligent short-distance transportation sector, announced a strategic alliance with Segway, the world\u2019s leading personal electric transportation provider.\u00a0 Under the terms of the agreement, Segway will become a wholly-owned subsidiary of Ninebot, and the two companies will continue to serve the market through their respective brands and products.\u00a0 Ninebot also announced that the company has raised $80 million in Series A financing from leading investors including Xiaomi Technology, Sequoia Capital and Shunwei Foundation, among others. \u00a0The announcements were made at a press conference held at the Beijing JW Marriott Hotel with the attendance of 500 special guests.<\/p>\n Gao Lufeng, Ninebot founder and CEO said, \u201cThis strategic alliance is a milestone for Ninebot and Segway. After establishing the alliance, the company will widely apply a series of technologies into its future products, covering electric driving, mobile internet and man-machine interaction. This combination creates great opportunities for the development of the short-distance transportation industry. We believe that this alliance will promote the short-distance transportation industry to develop and grow on the intelligent mobile robot platform. The alliance of our well-known brands will provide more convenient and environmentally-friendly travelling solutions for customers.\u201d<\/p>\n After the strategic alliance, both companies will closely collaborate in technology and marketing areas, to enhance R&D, manufacturing, marketing and sales capabilities. Segway President Rod Keller said, \u201cIn the past few years, intelligent hardware has rapidly developed in our increasingly connected world. The strategic alliance with Ninebot will enable us to provide more intelligent and valuable products for our customers. We are fully confident about our future.\u201d<\/p>\n About Ninebot<\/strong><\/p>\n As a private company registered in the Cayman Islands, Ninebot, headquartered in Beijing, is dedicated to R&D, manufacturing and sales of short-distance transportation products. Its major investors include Xiaomi Technology, Sequoia Capital, Shunwei Foundation and WestSummit Capital. Now, Ninebot is a leading company in short-distance transportation in both Asia and Europe. For more info about Ninebot, please visit www.ninebot.com<\/a>.<\/p>\nStrategic Alliance between Ninebot and Segway<\/h2>\n