IMPROVED advises Unu in its double digit million raise from a consortium of international investors
- Date October 30th, 2018
- Transaction type Growth Financing
- Sector Mobility
- Sub Sector Electric Mobility
Leading European e-mobility company unu has raised double digit millions in new equity from a consortium of selected investors. The lead investor in this round was Ponooc – a Dutch-based venture capital and growth financing firm investing in sustainable solutions. NRW Bank and Michael Baum, founder of Splunk, were also among the group of investors in this round. This financing round is another milestone in unu’s rapid development throughout recent years.IMPROVED acted as the exclusive financial advisor to unu in this transaction.
unu, the urban mobility company founded in 2013, has already over 10,000 of its first-generation e-scooters on the road across many cities in Europe. The new capital raised as part of this financing round will be used to continue the company’s rapid international growth, as well as for the launch of a new generation of the company’s mobility solutions offering. Apart from its leading position in Germany and Austria, unu has already launched operations in France and the Netherlands expecting further growth across many cities in these regions.
In addition to new markets, the company is now launching its second generation, fully connected e-scooter creating a completely new and enhanced urban experience for its customers. For the first time ever, this will provide a product offering that enables mobility services and solutions directly out-of-the-box. Thanks to this financing round, unu has already secured agreements for initial order volumes of over 10,000 second-generation scooters as well as unu’s mobility platform solutions to roll out sharing services in cities across the globe.
“We are very pleased to welcome Ponooc as the lead investor of this round. The team immediately convinced us with their deep understanding of the changing mobility market. We have made electric mobility accessible to the masses with our first product generation. We are now launching a fully connected second generation, so that our vehicles can be used as part of a Mobility-as-a-Service offering ... With a great understanding of the global e-mobility market and enormous global reach and network, IMPROVED was the perfect partner for us to find strong additional shareholders supporting our international expansion strategy as part of a highly competitive, global process.”
CEO & Co-Founder, unu
“We believe e-scooters are an important part of the mobility mix to solve the growing traffic congestion and resulting environmental pollution in urban environments. Ponooc is impressed with the unu team and the accomplishments realized till date and has high expectations of the new connected unu scooter to be launched next year. We look forward to supporting unu in its next growth phase.”
Investment Director, Ponooc
"unu’s scooters and new mobility solutions are far ahead of its competition and we are excited to support the company on its path of continuous strong growth. Together with the highly-skilled management team, we are confident that unu will successfully expand into new markets internationally and assert its position as a leading mobility solutions provider worldwide.”
Ralf Philipp Hofmann
Managing Partner & Member of the Global Executive Committee, Drake Star Partners
“It was a pleasure working with Pascal and his team to achieve this successful fundraising. With Ponooc’s profound knowledge of the mobility sector and the strategic value they add through Pon Holdings, unu is fully prepared to scale up internationally. Assisting unu on its fundraising is an excellent example of Drake Star’s continuous work in the international mobility space.”
Managing Partner, IMPROVED