Dear MEL Topic Readers,
The Segway is officially over
Invented by Dean Kamen in 2001, Segway is a two-wheeled, self-balancing personal transporter (PT). It was claimed to revolutionize personal transportation and drew wide attention from the world. However, because of the high price tag, nearly $5,000 then and now $6,000 to $10,000, the innovative transporter never become a popular vehicle, save the police, tourist spots, and warehouses. In 2015, the manufacture of the PT was acquired by Ninebot Inc., a Chinese transportation robotics company. About 140,000 units have been sold in the last two decades, not as many as the inventor and investors had hoped.
Now, the Chinese parent company decided not to produce the personal transporter any longer. Could it have become much more popular if the price had started below $1,000?
Enjoy reading the article and think about why this innovative personal transporter didn’t replace other transporters or vehicles.