iNovia Capital co-leads $60 mln Series B funding of Boosted

Boosted, a Mountain View, California-based producer of last-mile electric vehicles, including the Booster board, has raised US$60 million in a Series B financing. The round, which brings total funding to more than US$70 million, was led by Canadian venture capital firm iNovia Capital and U.S. firm Khosla Ventures. They were joined by Series A investors. Patrick Pichette, an iNovia general partner, will take a preferred board seat. Boosted said it will use the funds raised for global growth and to introduce new products that leverage the company's light electric vehicle technology.

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