- Segway PT production to end after almost two decades
- Company cites low revenue from the product as one of the reasons for discontinuation
Segway will be pulling the plug on its iconic PT self-balancing two-wheeled personal transporter almost two decades after it first made its debut in late-2001. The Chinese company Ninebot, which is Segway’s parent company, said that production of the PT would be halted from July 15.
A brief history of the Segway PT
Segway was founded by Dean Kamen back in 1999 with the PT – then called the HT or Human Transporter – with the aim of revolutionising the personal mobility space. The product went into production the following year with sales starting in late-2002 in international markets.
The PT was controlled by the rider shifting weight and using the handle bar in order to move forward, backwards or turn.