Unagi, maker of stylish electric scooters, is bringing its nascent subscription service to more cities. After testing out its $40-a-month service in small parts of New York City and Los Angeles, the Oakland, California-based company is expanding its service area in both cities, while also bringing it to seven new markets, including San Francisco, Austin, Seattle, Phoenix, Miami, and Nashville.
Helping fuel its growth, the company also just closed its first round of fundraising for $10.5 million, led by the Ecosystem Integrity Fund with participation from Menlo Ventures, Broadway Angels, and Gaingels, among others. Flush with cash, Unagi plans on adding more cities in the months ahead and is eyeing a launch in Europe as well.
“We understood that there are a lot of people who have fear of commitment,” Unagi CEO David Hyman told The Verge. “It’s partially generational. There’s a large generation of consumers that prefer access over ownership.” Read more..