Photo by Taylor Hill / Getty Images
Segway announced Tuesday that it is ending production of its signature self-balancing scooter, the Segway Personal Transporter (PT). Manufacturing at the company’s Bedford, New Hampshire, factory will end on July 15th, and 21 employees will be laid off. The news was first reported by Fast Company.
Since the original Segway’s debut 20 years ago, the market has become saturated with electric-powered two-wheelers of many varieties. Moreover, Segway said the iconic and oft-ridiculed scooter only accounted for 1.5 percent of the company’s revenue. But the coronavirus pandemic and the resulting disruption in global manufacturing and supply chains were not factors, the company said.
“Given our decades-long history, we recognize that this...
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