Portable electric scooter maker Unagi has raised US$3.15m in a seed funding round led by Menlo Ventures.
The company says it plans to put this new investment directly into scaling its business, with continued R&D and increased production.
Unagi CEO and founder David Hyman said: “The electric scooter has proven itself to be a transformative device replacing the car and mass transit for short distance travel and commuting.
“We set out to make the ideal personal liberation device – an electric scooter that is light, portable, and fast, with performance and aesthetic that puts it leaps and bounds above anything else on the road. With our financing options, consumers can own the best for less than scooter renting habits.”
Unagi scooters are built using carbon fibre, magnesium and cnc-machined aluminium, which results in a per unit weight of 24 lb (10.8kg).
Powered by 450W dual motors, the scooters can travel long distances on a single charge. And thanks to patented air gaps embedded in 7.5” puncture-proof rubber tires, the vehicle can tackle hills and rough road surfaces.
Furthermore, dual electronic anti-lock brakes bring the rider to a safe and steady stop, while a patented one-click hinge system folds and locks the scooter.
Customers can purchase one from US$840 (£683), or participate in a pay-by-installments plan from US$35 (£28) per month.
