Today, we announced another big step forward on the Inboard journey: Closing an $8 million investment round, which brings the total funding of Inboard to $11.7 million. This news, which adds to our momentum, signals a strong vote of confidence in our mission, enabling us to expand more quickly to more markets and giving us more space to create the next generation of products.
Upfront Ventures led this Series A round, and we couldn't have found a more like-minded and capable partner than Kobie Fuller, who will be joining our board. Other notable participants in the Series A are LION Smart, leaders in battery technology, and Sunstone Capital one of Europe's most active venture capital firms - a team that knows how to go big.
When we started the company in 2014, Theo and I knew that personal electric transportation had a big future. We were just getting started, but we knew that only the best design and engineering would win mass adoption.
Now, we see the opportunity even more clearly. Around the world, cities are welcoming electric rideables into full partnerships with existing modes of transportation. At the same time, a fast-growing community of riders are discovering the pure stoke of riding electric. That's why we are also excited to announce a major partnership with Best Buy to bring the M1 to an even wider audience. Best Buy is going big with electric transportation and we are proud to be a part of it in over 200 of their stores starting this holiday season.
Without our dedicated customers, retail partners, and incredible team we wouldn't be here, ready to start the next chapter of our growth. So, we'd like to say a heartfelt thank you to all who supported us from our Kickstarter campaign to our “Shark Tank” adventures to the latest, and dare we say, biggest news yet.