Inboard Technology raises $8 million to be the Tesla of electric skateboards

If you’re a company working on an electric skateboard that’s already raised nearly $500,000 on Kickstarter and slayed the Shark Tank sharks what do you do for an encore?

The answer, at least for Inboard Technology, is to go out and raise $8 million in a new round of venture funding to become the Tesla of skateboards.

Founded in 2014 by Ryan Evans and Theo Cerboneschi, the company began with Cerboneschi’s collegiate vision of zooming around campus on an electric skateboard.

Evans, the former president of the action sports gear maker Pure Action Sports, met Cerboneschi, who had become a professional kite-boarder, when the two worked together at Pure Action.

Both men shared a love of skateboarding and both loved the idea of a rugged, software enabled electric skateboard and from that, Inboard Technology was born.

Based in Santa Cruz, Calif., the company has skated from success-to-success culminating in this most recent round, led by Los Angeles-based Upfront Ventures. Kobie Fuller, a partner at the firm will be joining the company’s board of directors.

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