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China’s largest electric scooter maker Niu files for $150 million IPO in the US
While electric scooters (Vespa-style, not Razor-style) are not very widespread yet in the US, they are quickly becoming the most common form of transportation in Chinese cities. This is largely due to environmentally sustainable government policies which make gas-powered motorcycles and scooters either illegal or impractically expensive in Chinese cities.
Niu, the self proclaimed “largest lithium-ion battery-powered e-scooter company in China” has now taken one more step towards growing their electric scooter empire by filing for an IPO in the US.
The relatively new Chinese company, founded in 2014, is hoping to raise $150M through an initial public offering in the US.
Fittingly, the filing is being made under the symbol Niu.
Read more on electrek.co