Unu Motors Raises Money to Build More Scooters

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Unu Motors Raises Money to Build More Scooters

Berlin-based Unu Motors, which builds smart electric scooters, has raised over $7-million in a new round of funding. German-based tech magazine Gr├╝nderszene reports that the round was led by Capnamic Ventures and Iris Capital with participation from Michael Baum and NRW.Bank. Reading between the lines reveals that these e-motos are really starting to pick up some momentum.

Unu sells its scooters online through a logistics partnership with DHL, with most of the manufacturing taking place in China. The company sells to both consumers and businesses so its supply chain is strong and already securely in place. The startup launched in three Dutch cities in January, and plans to invest the new funds in further expansion in France and the Netherlands. Unu Motors expects to make half of its sales in these new markets by the end of the year, according to a statement by co-founder Pascal Blum. But wait, there's more; U.S. expansion is under consideration as well.

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