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About Scoot Networks

Using Scoot, you can make trips between any Scoot location in the city, riding an electric motor scooter that you activate with your own smartphone. No motorcycle license needed. Rates start at $3/ride.

As fast as a taxi and as affordable as the subway, Scoot is the ideal form of mobility for our increasingly connected and crowded city lives.

Scoot opened its beta in San Francisco one year ago and has grown to 18 locations, 55 vehicles, and over 1000 subscribers. We are planning our expansion to other cities now.

Media Mentions

Team Story

The founders of Scoot came together around a huge problem: Billions of people in cities around the world had to choose between slow, cheap transportation (mass transit, biking) and fast, expensive transportation (taxis, Ubers, driving). That made as much as sense having to choose between fast food and white table cloth restaurants, with nothing in between. By combining ubiquitous smartphones and affordable electric scooters with a Citibike-style service model, the perfect urban transportation service was born: Affordable to everyone, but as fast as anything else in the city.

Meet the Founders

Michael Keating

CEO and Founder

Michael's experience creating transportation software and working in city planning in China gave him a unique perspective on the trillion dollar urban transportation market, and his training at Harvard Business School and the Harvard Graduate School of Design allowed him to come up with a unique solution: Scoot.
Dan Riegel

CTO and Co-founder

Dan's experience with electric vehicles, application development, databases, and remote device management makes him the ideal CTO for Scoot. Prior to Scoot Dan was a founder of EnergyHub (sold to Alarm.com) and Metacarta (sold to Nokia), and spent 4 years on Wall Street creating credit derivative risk modeling tools. Dan graduated from Yale with a degree in Physics.
Michael Keating

CEO and Founder

Michael's experience creating transportation software and working in city planning in China gave him a unique perspective on the trillion dollar urban transportation market, and his training at Harvard Business School and the Harvard Graduate School of Design allowed him to come up with a unique solution: Scoot.
Dan Riegel

CTO and Co-founder

Dan's experience with electric vehicles, application development, databases, and remote device management makes him the ideal CTO for Scoot. Prior to Scoot Dan was a founder of EnergyHub (sold to Alarm.com) and Metacarta (sold to Nokia), and spent 4 years on Wall Street creating credit derivative risk modeling tools. Dan graduated from Yale with a degree in Physics.

Key Team Members

Jenni Thomas

Community Manager and Head Coach

Kenji Morrow

Consulting Software Engineer

Christian Walker

Interface Architect

John Passmore

Consulting Systems Architect

Maitland Kelly

Lead Mechanic

John Stueve

Design and Development Manager

Tom Fietsch

Fleet Manager

Sophie Lubin

Communications Manager

Rob Ferber

Consulting Powertrain Engineer

Yinan Qiu

Design Intern

Notable Advisors & Investors

Brian Arbogast
John Stockdale
Rob Chandhok & Kim Harvey
James Fisher
Richard Ginsburg
David Rowe
Shane Johnson
Mark Jacobstein
Rodney Aiglstorfer
David Rowe
Barney Schauble
Jerry Fiddler
Stan Schneider
Michael & Alison Grant
Rob Millis
James Rucker & Heidi Hess
Sharky Laguana
Jed Levin
Adam & Lyn Werbach
Lisa Gansky
Kristin Hull
Mike & Jeannie Casey
Pengfei Qi
Armando Fox
Tom Dinwoodie
Scout Ventures
Rodney Aiglstorpher
Justin Dawe
Maveron
Joanne Wilson
Rodney Aiglstorfer
Ben Cerveny
Jonathan Weinert
Carl Pope
Chris Gruwell

Frequently Asked Questions

Making an Investment in Scoot Networks
How does investing work?

When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Scoot Networks. Once Scoot Networks accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Scoot Networks in exchange for your shares. At that point, you will be a proud owner in Scoot Networks.


What is the difference between preferred equity and a convertible note?

Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.

A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.

To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.


What will I need to complete my investment?

To make an investment, you will need the following information readily available:

  1. Personal information such as your current address and phone number
  2. Employment and employer information
  3. Net worth and income information
  4. Social Security Number or government-issued identification
  5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

Because Scoot Networks is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


What if I change my mind about investing?

Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.


After My Investment
How can I sell my shares in the future?

Currently there is no market or liquidity for these shares. Right now Scoot Networks does not plan to list these shares on a national exchange or another secondary market. At some point Scoot Networks may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Scoot Networks either lists their shares on an exchange, is acquired, or goes bankrupt.


How do I keep track of this investment?

You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.


Other General Questions
What is this page about?

This is Scoot Networks's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.


What are the risks of this investment?

This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Scoot Networks’s profile.