Segway Inc. was founded in 1999 by Dean Kamen, who invented this two-wheeled personal transport. The Segway was launched in 2001 and wasn’t exactly popular at first, but after a couple of years, it was hard not to see one of these things roaming around your city. Things were going great for Segway Inc. for a while, as everyone wanted to purchase one.
In 2015, Chinese-based company Ninebot offered to buy Segway Inc. for $80 million. Segway Inc. gladly accepted as it knew that Segways would become available worldwide, which ended up happening. Most of the production facilities were moved to China, but there are still some that remain in the US.