Segway - A Powerful Innovator Of Electric Vehicles for a better life
Over the past years, the Segway name has come to be identified with the concept of personal electric transportation. Yet how much do you understand about this critical brand name? Let's know precisely how Segway has expanded for many years and also figure out what the company is preparing for the not-so-distant future.
Segway's origin Established in early July of 1999, Segway was the extremely initial to market with its ingenious self-balancing transportation gadget. In 2001, they released the preliminary 'twowheeled individual service provider,' with shipments getting to clients by 2002. Considering the first success and wish for the future, sales for the 'Segway P.T.' were forecasted to be high. However, just 23,500 gadgets were provided in the first five years; additionally, merely 50,000 had been sold by March 2009. This signaled the beginning of a high reduction for starting chief executive officer Dean Kamen, who had spent approx. $100M producing the P.T.