Germany-based startup Unu has secured an amount of $12 million in a financing round. This particular round was led by Ponooc. The round also saw participation from existing backers like Capnamic Ventures, Iris Capital, Michael Baum and NRW.BANK.
With this, the company is planning to to release a second generation of its product, however, it hasn’t disclosed much yet. Unu is working on connected vehicles so that Unu could work with scooter-sharing services.
The company is basically concerned with been building electric scooters and is working on new products and services. For the past five years, Unu has sold 10,000 scooters. The company is one of the most popular and successful European manufacturers of electric vehicles with Govecs, BMW and others.
In comparison with electric cars, electric scooters present a massive advantage that is weight. It’s much more energy-efficient to power a scooter compared to a full-fledged car.
This is the reason the batteries remain relatively small. You can open the battery compartment, pull the battery and plug it in at home. It’s quite heavy, as Unu’s battery weighs around 9 kg.
With this funding round, the company can make use of a lot of opportunities as scooter-sharing companies are booming in Europe. There are many other companies working on similar services across Europe.
If Unu could convince a company to buy some of their scooters for their fleet, that could lead to thousands of sales in no time. The company is working on multiple partnerships. Now let’s see if Unu plans to create its own service in the future and work on other types of vehicles.