[2] The company was founded by Sanjay Dastoor, John Ulmen, and Matthew Tran, who delivered a TED talk on the subject in 2013.

[3] The company started a Kickstarter campaign promising a premium electric skateboard called the "Boosted Board" for a $100,000 goal.

It featured a swappable battery that could be upgraded to a future Extended Range Battery, water resistance, 80 mm Orangatang wheels, upgraded Bluetooth radio, accessory ports beneath the risers, and more modular design to better enable service and repair by both users and the manufacturer.

In December 2018, Boosted received over $60 million in new investment to continue its global expansion and development of additional products.

[9] On March 4, 2020, Boosted announced that it has laid off a significant portion of its team and was actively seeking a buyer.

[10][11] In April 2020, it was reported that Lime has acquired some of the remaining assets of Boosted, including five of the company's core patents.

Originally announced with a single motor variant, the 2nd generation later discontinued development of this board due to an XR battery recall and subsequent shipping delays.