VC firms invest $12m in Unu

Existing investors Capnamic Ventures, Iris Capital and NRW Bank have also taken part in the latest financing.

The fresh capital will be used to develop the second generation of Unu's electric scooter.

Previous funding
Capnamic led a €1.6m seed round for Unu in May 2015 and backed the business again at its €7.5m series-A in 2017, alongside Iris.

Company
Founded in 2013 and headquartered in Berlin, Unu is a startup developing battery-powered electric scooters. The company has sold 10,000 scooters in the last five years. The vehicles have a range of 50km, or 100km if you carry a spare battery, and have a top speed of 45km/h.

People
Unu – Pascal Blum, Elias Atahi (co-founders).

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• Topics
• Expansion
• DACH
• Consumer
• Iris Capital
• Venture
• Germany