Segway announced on Wednesday that it will discontinue its famous Segway PT scooter model.
The self-balancing Segway PT, which has two wheels and a central handlebar, has been popularized by tourists and the police.
“In recent years, we have seen an overcrowding of the Segway PT market. They are an extremely durable vehicle, with many 10 or more years still on the way,” the company said in a press release.
Segway has been moving its business away from the Segway PT, which represented less than 1.5 percent of the company’s revenue in 2019, towards consumer products, such as [its] shared scooter business, Segway Powersports and Segway Robotics. “
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The Segway PT will be officially retired on July 15, along with the Segway SE-3 Patroller and the Segway Robotics Mobility Platform, the company said.
As a result of the interruption, 21 people will be fired immediately with severance packages and another 12 will be held for a minimum of two months and a maximum of one year.
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Segway said that its partnerships with Amazon, Costco, Target, Best Buy and local retailers will continue with their consumer products. The company already “provides high standard services, supplying 70 [percent] from the global scooter industry to intermediate customers in the area of micro mobility, including Spin and Lyft. “
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