without the additional certification needed to drive them. McMaster told Business Insider that Bond's e-bikes have longer battery life and more efficient motors, so they will better serve people outside of dense urban centers.
He also said that the quick rise of scooter startups in the US provided ample opportunity for his team to learn from a safe distance overseas. "I think you're going to see going to see a lot of consolidation [of transportation startups] in 2019," McMaster said."I personally like to compete in a space where no one else is competing, and we're clearly differentiated from everyone else."
Bond will use capital from Wednesday's Series A to help expand into the US in"the coming quarters," McMaster said. He said is not concerned about his reintroduction to Silicon Valley after being ousted at Cyanogen as the company dealt with allegations of fraud and misleading investors, and thinks his experience at the failed startup helped him develop a more cautious approach to building a hardware business.
"I've done a number of startups, and when you raise a lot of money, you tend to take for granted that capital will always be available," McMaster said."The winds have shifted to some extent and we need to be more aware that this is less about blitzscaling, you just can't do that when you are a hardware company. Micro-mobility is a megatrend, it's not going away and investors will invest in companies that show sustainable business pursuing sustainable markets.
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