E-scooter manufacturer Unagi has had a busy month. Just a couple weeks after bringing its Model One Voyager scooter to market, the company says it closed a large funding round and secured Best Buy as a scooter subscription partner.
The $29.3 million round is a combination of equity and debt. The $17.3 million in equity is led by Ecosystem Integrity Fund with Menlo Ventures and Pure Capital participating. The remaining $10 million in debt is led by Aegon Asset Management, which joins Unagi’s existing credit provider Horizon Technology Finance.
Unagi has become well known not only for its lightweight e-scooters that are perfect for city-based customers, but also for its subscription business that offers a commitment- and maintenance-free experience at a reasonable price. While the company does sell its scooters direct-to-consumer and through retail partners, almost 90% of the business is now subscription-b...
