Cowen exclusively advised unu GmbH (“unu”) on a growth financing in the double-digit million euro range. The financing round was led by a Singaporean investor. The existing shareholders participated in the financing round.
Founded in 2013 as a pioneer of electric scooters, unu sold more than 10,000 e-scooters from 2015-2018, becoming the e-scooter market leader in Germany. The financing will further strengthen unu’s positioning in Germany and Europe.
European climate protection goals and changing consumer behavior as a result of the pandemic lead to greater demand for individual, sustainable mobility solutions. With its new product generation (“unu Scooter”), unu has succeeded in launching a product that is perfectly tailored to European customer needs and has already attracted a high number of pre-orders.
“The financing round is a strong signal for us, despite a challenging year, that we can convince with our unique product, strong team and innovative business model. With the financing round, we can now further professionalize the organization and drive further growth,” said unu CEO Pascal Leonard Blum in a statement commenting on the capital increase.
This transaction once again emphasizes Cowen’s outstanding positioning in the transportation and mobility sector. In addition, it shows Cowen’s strong market position in the global EV environment.
Founded in 2013 by Pascal Blum, Mathieu Caudal and Elias Atahi, unu is the leader in the German e-scooter market. The idea was developed during studies in Beijing, where the limited mobility in a large city was particularly noticeable. Within just ten months, unu launched the first product generation: the unu Scooter Classic, with which the company has been successfully expanding internationally since 2015. Today, the young company is developing various solutions for urban mobility. In 2019, unu announced the next milestone with the launch of a new and fully connected e-scooter.