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Boosted?s struggling to move beyond electric skateboards


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Positivity     40.00%   
   Negativity   60.00%
The New York Times
SOURCE: https://www.theverge.com/2020/2/5/21036805/boosted-board-electric-skateboard-finances-money-cash-trouble-customer-service
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Summary

The company may be in danger of running out of money, despite raising tens of millions of dollars in late 2018, partially thanks to President Trump’s trade war but also because of a delay in shipping Boosted’s first electric scooter. While the CEO says Boosted is in talks to raise new funding, the company’s leadership has discussed last-resort options like layoffs or a sale.As a result, the company has been in something of a holding pattern since around Christmas, The Verge has learned after speaking with four former employees, one vendor, and two people close to the company. Vice president of quality Harsh Karande also left Boosted in January, according to LinkedIn, after spending 11 months with the company. Frykman said Boosted was an “amazing place to work, the people and products are amazing, and I miss it a lot.” Dirk Aguilar, the company’s senior manager of international operations, and Angus Peart, a senior electrical engineer, both left in November for Ford-owned scooter company Spin after more than two years with Boosted. Aguilar said he left Boosted on “excellent terms,” and Peart didn’t respond to a request for comment.In total, some 20 employees have left Boosted in this timeframe, many of whom had senior titles or had been with the company for longer than two years.“Any company has natural rotation of personnel over years.

As said here by Sean O'Kane