# Unagi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/unagi

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Oakland, US
- Website: www.unagiscooters.com
- Total disclosed funding: $27M
- Latest round: Series A (Oct 7, 2022)
- Investors on record: 5

## About

Based in California, Unagi, Inc. designs and rents high-performance electric scooters, offering urban commuters efficient and eco-friendly transportation solutions with a focus on style and performance.Unagi, Inc. specializes in electric scooter design and rental services, founded in 2018 in Oakland, California, USA. The company has completed 4 investment deals, with the most recent being a Venture Debt round on April 19, 2023, which raised USD 10.00 mn from Aegon Asset Management. The total amount raised to date is USD 13.10 mn. David Hyman serves as CEO.Unagi Scooters specializes in the design and rental of high-performance electric scooters, primarily targeting urban commuters seeking efficient and eco-friendly transportation solutions. The company offers two main models: the Model One Voyager and the Model One Classic, known for their superior design, power, and range. These scooters provide users with a convenient means to navigate city landscapes, appealing to a demographic that values both performance and aesthetics. Unagi’s membership program allows customers to access these scooters without the long-term commitment of ownership, making it ideal for individuals who prefer flexible, on-demand mobility. The scooters are marketed and sold across various geographical markets, including the United States, Canada, the United Kingdom, Australia, and select countries in the European Union.Unagi Scooters generates revenue primarily through its membership program, which offers subscribers access to its premium scooters at a monthly fee. This subscription model includes additional services such as maintenance and theft protection, enhancing the overall value for customers. Transactions typically occur directly with consumers, facilitating an easy rental process that allows users to enjoy the scooters without the upfront costs associated with ownership. The flagship offerings, Model One Voyager and Model One Classic, are central to this revenue structure, attracting a diverse clientele interested in sustainable urban mobility solutions.In April 2023, Unagi, Inc. raised USD 10.00 mn in Venture Debt funding to strengthen its retail partnerships, particularly with stores like Best Buy, aiming to broaden its subscription business. The company plans to enhance its product line with upcoming designs of new electric scooters while targeting expansion into additional markets, including more countries in Europe and Asia by 2024.

## Funding rounds

- Series A, Oct 7, 2022, $13M — Menlo Ventures, Ecosystem Integrity Fund, Pure Capital Asset Management
- Series A, Feb 4, 2021, $11M — Menlo Ventures, Ecosystem Integrity Fund, Broadway Angels, Gaingels
- Seed, Oct 1, 2019, $3.1M — Menlo Ventures

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Seed, Series A
- Ecosystem Integrity Fund (https://capitalatlas.ai/funds/ecosystem-integrity-fund) — Series A
- Broadway Angels (https://capitalatlas.ai/funds/broadway-angels) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Pure Capital Asset Management — Series A