MIT spinout Superpedestrian has added $4 million, including investments from actor Jared Leto and General Catalyst Partners, to produce its wheel that converts bicycles into electric-hybrids for easier hill-climbing and long-distance rides.
The product, known as the Copenhagen Wheel, includes a motor, batteries, a computer, and a dozen sensors, and can be pre-ordered for $799.
Cambridge-based Superpedestrian had previously raised $2.1 million from investors including Spark Capital. The firm returned as part of the new round, which, along with new investors Leto and General Catalyst, included former Akamai chief executive (and General Catalyst XIR) Paul Sagan.
The wheel was initially developed at MIT’s SENSEable City Lab, along with help from the city of Copenhagen.
Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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